Rafale aircraft deal still on, will close very soon: Parrikar

The French team of negotiators is scheduled to arrive in India on Tuesday. The two countries are expected to close the purchase of 36 Rafale mutli-role fighters.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney SME Special
moneycontrol.com

Home » News » Economy

Mar 29, 2016, 09.24 AM | Source: IBNLive.com

Rafale aircraft deal still on, will close 'very soon': Parrikar

The French team of negotiators is scheduled to arrive in India on Tuesday. The two countries are expected to close the purchase of 36 Rafale mutli-role fighters.

Like this story, share it with millions of investors on M3

Rafale aircraft deal still on, will close very soon: Parrikar

The French team of negotiators is scheduled to arrive in India on Tuesday. The two countries are expected to close the purchase of 36 Rafale mutli-role fighters.

Post Your Comments

Share Cancel

Manohar Parrikar , Defence Minister, Government of India
Defence Minister Manohar Parrikar said the Rafale aircraft deal which costs around Rs 60,000 crore is still on and assured that it will be concluded "very soon". His statement comes nearly a year after a government-to- government deal for the multi-medium role combat aircraft was announced.

The French team of negotiators is scheduled to arrive in India on Tuesday. The two countries are expected to close the purchase of 36 Rafale mutli-role fighters.

He admitted the pace of negotiation with France for 36 Rafale jets was "not enough". "We are definitely very serious about the Rafale deal. And it is definitely moving though I agree that the speed is not enough," Parrikar said.

He said France and India would "very soon" conclude the deal and added "I am not putting a timeline because ultimately money is a problem and we should get a good deal."

In April, 2015, Prime Minister Narendra Modi had announced India would go for a government-to-government deal with France for purchasing the fighter planes. But a final contract in this regard is yet to be signed. The sticking point is the price of the aircraft.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Rafale aircraft deal still on, will close very soon: Parrikar

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login