HomeNewsIndiaIndian, French defence associations sign MoU to promote partnership

Indian, French defence associations sign MoU to promote partnership

The Indian and French defence and aerospace industries associations on Monday signed a memorandum of understanding to promote partnerships between the companies of the two countries.

April 17, 2018 / 08:06 IST

The Indian and French defence and aerospace industries associations on Monday signed a memorandum of understanding to promote partnerships between the companies of the two countries.

A statement by Groupement des Industries Francaises Aéronautiques et Spatiales (GIFAS), the French Aerospace Industries Association, said it signed the MoU with the Society of Indian Defence Manufacturers (SIDM) in the field of aerospace and defence.

The MoU will allow the implementation of measures to promote a mutually beneficial cooperation in aerospace and defence manufacturing, research and technology, human capital, engineering services, systems integration.

"The signing of this MoU between our two bodies is an excellent opportunity to develop the cooperation between France and India and shape the aerospace and defence industry of the future," GIFAS managing director Pierre Bourlot and SIDM director general Subrata Saha said after signing the MoU.

Speaking at a seperate event, Eric Trappier, CEO of Dassault Aviation, which manufactures Rafale, said France has been very transparent in the pricing of the fighter jet with India and some parts of the deal have to be kept secret.

Congress had alleged a "scam" in the defence deal.

Trappier said Dassault has an advantage in the new multi-billion Indian fighter jet procurement plan floated by India.

Last week, the Indian Air Force initiated the procurement of 110 fighter aircraft for its depleted combat force — now languishing at 31 fighter squadrons against a desired strength of 42.

Trappier said his company won the last time on performance and cost, and it can do it again.

In 2015, the NDA government scrapped a USD 20-billion medium multi-role combat aircraft (MMRCA) project to acquire 126 fighters, in which Rafale had emerged winner.

Later, in an inter-governmental deal, India bought 36 Rafale fighters from France in a euro 7.8 billion contract with Dassault that requires Rafale deliveries to commence in June 2019.

PTI
first published: Apr 17, 2018 08:00 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347