At last Rafale deal signed
New Delhi: India has finally signed a deal to buy 36 Rafale fighter jets from France.A� It is said to be the country’s first major acquisition of fighter jets in over two decades. After several twists and turns, the Indian Air Force is finally set to get its share of the French Rafale fighter jets.
Indiaa��s Defence Minister Manohar ParrikarA� and his French counterpart Jean Yves LeDrian on Friday signed Rs.A�58,000 crore or 7.8 billion Euro deal with France to acquire 36 Rafale fighter jets after years of negotiations between the two countries. 15 percent of the total cost will be paid in advance. Rafale fighter jet comes equipped with cutting edge long range missiles such as a�?Scalpa�� and a�?Meteora�� missile. A�Meteor missile is considered among the most advanced in the world, according to the sources.
The deal which is worth of Rs.A�58,000 crore or 7.8 billion Euro comes with a saving of nearly 750 million Euros than the one which was struck during the previous UPA government, which was later scrapped by the current Modi government, besides a 50 percent offset clause.
The delivery of Rafale warplanes will begin in 36 months and will be completed in 66 months from the date of signing the final contract.