India to ink $11 billion MMRCA
deal with Rafale by next month:
Indian Air Force official
8 Sep, 2012, 1748 hrs IST, PTI
BANGALORE: India
plans to sign the $
11 billion MMRCA
(Medium Multi-
Role Combat
Aircraft) deal with
French Rafale by
the end of this
month-end or
next month, a
senior Indian Air
Force official said
today.
"I find no reason
why it shouldn't
be signed by the
end of this month or next month",
Air Officer Commanding-in-Chief,
Training Command, IAF, Air Marshal
Rajinder Singh said.
He indicated that negotiations are
currently on with regard to pricing
for the 126-aircraft deal. "There is
money....this thing here and there
(pricing being finalised)".
The Air Marshal admitted to "some
problems" (on pricing) but asserted
that it's not unusual in such big
deals. "It should come through", he
said, adding that the first aircraft
under the MMRCA deal would start
"flowing in" in 2017.
The Air Marshal dismissed reports
quoting Russian and German officials
who had claimed that the deal is not
final yet and that it's still up in the air.
"Nothing of that sort", he said,
pointing out India had already
declared the lowest bidder -- Rafale --
for the MMRCA deal.
Vyacheskav Dzirkaln, Deputy Director
of Russia's Federal Service for Military
Technical Cooperation,was recently
quoted as saying:"I wouldn't say that
MMRCA tender is a closed issue. We
have information that the tender is
still up in the air".
The deputy chief of the ruling CDU-
led coalition's parliamentary
committee in Bundestag (lower
house of German Parliament) for
foreign and defence affairs, Andreas
Schockenhoff, reportedly said
recently the last word had not yet
been heard on the MMRCA deal.
Russia's MiG-35 did not make it to
the MMRCA shortlist, which also
included Eurofighter
Typhoon,designed by a European
consortium in which Germany is a
part, besides Rafale.
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deal with Rafale by next month:
Indian Air Force official
8 Sep, 2012, 1748 hrs IST, PTI
BANGALORE: India
plans to sign the $
11 billion MMRCA
(Medium Multi-
Role Combat
Aircraft) deal with
French Rafale by
the end of this
month-end or
next month, a
senior Indian Air
Force official said
today.
"I find no reason
why it shouldn't
be signed by the
end of this month or next month",
Air Officer Commanding-in-Chief,
Training Command, IAF, Air Marshal
Rajinder Singh said.
He indicated that negotiations are
currently on with regard to pricing
for the 126-aircraft deal. "There is
money....this thing here and there
(pricing being finalised)".
The Air Marshal admitted to "some
problems" (on pricing) but asserted
that it's not unusual in such big
deals. "It should come through", he
said, adding that the first aircraft
under the MMRCA deal would start
"flowing in" in 2017.
The Air Marshal dismissed reports
quoting Russian and German officials
who had claimed that the deal is not
final yet and that it's still up in the air.
"Nothing of that sort", he said,
pointing out India had already
declared the lowest bidder -- Rafale --
for the MMRCA deal.
Vyacheskav Dzirkaln, Deputy Director
of Russia's Federal Service for Military
Technical Cooperation,was recently
quoted as saying:"I wouldn't say that
MMRCA tender is a closed issue. We
have information that the tender is
still up in the air".
The deputy chief of the ruling CDU-
led coalition's parliamentary
committee in Bundestag (lower
house of German Parliament) for
foreign and defence affairs, Andreas
Schockenhoff, reportedly said
recently the last word had not yet
been heard on the MMRCA deal.
Russia's MiG-35 did not make it to
the MMRCA shortlist, which also
included Eurofighter
Typhoon,designed by a European
consortium in which Germany is a
part, besides Rafale.
The Economic Times: Business News, Personal Finance, Financial News, India Stock Market Investing, Economy News, SENSEX, NIFTY, NSE, BSE Live, IPO News