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Sunday, September 30, 2012

IAF to finalise $20b Rafale fighter plane deal this fiscal

Rafale |The Indian Air Force (IAF) would finalise the multi-billion dollar contract with Dassault Aviation of France during this fiscal (2012-13) for the supply of its 126 Rafale fighters, Air Chief Marshal NAK Browne said on Thursday.

“The negotiations are absolutely on. We hope that at least this financial year we should be able to finish the negotiations and finalise the deal,” he said.

“It is a very complex project, as we are discussing various areas like transfer of technology, the offset (clause), what HAL (Hindustan Aeronautics Ltd) will do and the cost as well,” Browne told reporters on the margins of an event here.

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