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Wednesday, September 02, 2015

Rafale Fighter Jet Deal Takes Big Step Forward

Dassault RafaleThe Narendra Modi government appears to be going ahead with the off-the shelf purchase of 36 Rafale fighters, which the Indian Air Force needs urgently.

In the clearest indication of the government's intention so far, the Defence Acquisition Committee has asked the Defence Ministry negotiating team to proceed with end-stage negotiations, sources told NDTV.

Unofficial estimates indicate the deal for 36 jets could cost the exchequer $8 to $9 billion.

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