36 Rafale fighter jets deal |
India and France are finally near closing inking the around Rs 60,000 crore deal to acquire 36 Rafale fighter jets for the IAF after hard-nosed bargaining for over an year since the Modi-Hollande summit in Paris last year .Defence sources said the actual contract "could" be inked "within a month or so" since the negotiations are "moving in a positive direction towards conclusion".The price is likely to settle around 7.8 billion euros or Rs 59,500 crore . India is desperate to induct new fighters and is committed to the deal, apparently began the commercial negotiations with a figure of over Rs 80,000 crore (11 billion euros) for the 36 Rafales, which included the entire weapons package, training and the 50% offsets clause.But India kept on pushing for an overall price of around Rs 60,000 crore. The final price will, of course, depend on the support and spares package that is finalized.
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