France is confident that it can sign and seal a firm USD 12 billion deal to supply India with 126 Rafale fighter jets "within six to nine months", government spokeswoman Valerie Pecresse said today. The Rafale, a modern multi-role jet built by Dassault Aviation, has been selected by India as its preferred next generation interceptor, but details of the immense contract remain to be ironed out.
"It needs to be finalised, but the French offer is the most competitive and that has been recognised by our partners," Pecresse said, after President Nicolas Sarkozy hailed the deal at a cabinet meeting. India announced yesterday it had selected the French firm Dassault over the Eurofighter consortium for "exclusive negotiations" as the preferred bidder in a contract estimated to be worth USD 12 billion. If concluded, the contract would mark the first time the jet had found an export partner, despite being in service with the French military since 1998 and having proved itself in several conflicts.
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!
