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India and France to Sign Agreement on Rafale Fighter Jets

India is on the verge of closing an important deal with France on fighter plane. The country is set to buy 36 combat jets from Dassault. Defence Minister Mr. Manohar Parrikar revealed on Monday that after four months of hovering over prices and other details, the deal is finally going to be sealed during this month’s visit of French President Mr. Francois Hollande to New Delhi.

The Defence Minister was quoted as saying, “It’s closer to completion”. The French President is expected as a guest of honour at a military parade and the two countries are expected to sign the agreement on Rafale fighter jets either during that time or just before he arrives.

India’s long quest for replacing the fragile squadrons with the newer much-advanced ones at earlier was estimated to be worth a whopping $12 billion, for the defence ministry originally cleared the purchase of 126 Rafale planes. However, in the last year, the figures came down to 36 jets since both New Delhi and Paris couldn’t agree much on the unit prices and local assembly of the aircraft.

However, the defence minister said that the country is hoping the air force convoy will be made of indigenous fighter which took decades to make.

Source: Money Control

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