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Friday, October 18, 2013

India to finalise Rs.92,000 crore Rafale deal by March 2014

Dassault RafaleIndia will finalise a $15 billion deal to buy 126 Rafale fighter jets from France's Dassault Aviation by March 2014, an Indian Air Force official said on Thursday, after the deal had been held up by differences over local manufacturing.

India picked the Rafale for exclusive negotiations in January 2012 after a bidding contest against Eurofighter Typhoon aircraft, made by a consortium involving EADS, Finmeccanica and BAE Systems.

However, there were differences over the role of India's state-run Hindustan Aeronautics Ltd in manufacturing the jets.

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