Most issues concerning Rafale fighter jet deal addressed, DAC to meet soon

[commander jain]

New Delhi: The Government on Tuesday said that most of the issues concerning the purchase of 36 Rafale fighter aircraft from France have been duly addressed and a deal would be finalised soon.

New agency PTI quoted Rao Inderjit Singh, MoS Defence, as saying, ”Most hitches in Rafale fighter plane deal have been addressed. Next Defence Acquisition Council meet will address the remaining issues.”

The announcement from the government is significant as a high-level team from France is expected to arrive here next month to firm up the order for the purchase of 36 Rafale fighter aircraft by India as both countries have managed to narrow down their differences over pricing.

The development comes nearly four months after Prime Minister Narendra Modi and French President Francois Hollande signed a memorandum of agreement to purchase 36 Rafale combat jets.

The Indian side has been negotiating hard to bring down the price with Defence Minister Manohar Parrikar refusing to buckle under pressure even as questions were being raised about the delay in signing the contract.

The deal comes with the clause of 50% offsets, which will be a bonanza for the domestic industry as it will lead to business worth at least €3 billion and create new jobs in India.

The tough part of the negotiations that began in July 2015 was to get the French side to agree to 50% offsets in the deal. Initially, Dassault Aviation, makers of Rafale, was willing to agree to reinvest only 30% of the value of its contract in Indian entities to meet the offset obligations.

The French side finally agreed to invest 50% of the value following a phone conversation between Modi and Hollande late last year.

The commercial negotiations, as in the pricing of the planes, equipment and other issues, actually began only in mid-January this year.

Government sources said the deal has not been concluded yet but it is in “final stages”.
READ MORE AT:> http://www.indiandaily.in/issues-concerning-rafale-fighter-jet-deal-addressed-dac-meet-soon/

 

[$@rJen]

How many times they ought to say the same thing.. have your talks once the deal is finalised

 

[Jamwal's]

INDIA

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  (Photo: Facebook)
  Even as the government has chosen to remain tight-lipped on the price bargain related to purchase of Rafale fighter jets from France, the BJP on Wednesday announced on its official Facebook page that the deal has been finalised at $8.8 billion.
  
  An image posted on Bharatiya Janata Party's (BJP) official Facebook page said the Narendra Modi-led government "saved $3.2 billion (Rs.21,000 crore) out of the $12 billion (Rs.80,000 crore) deal".
  
  "The deal to buy 36 state-of-the-art Rafale aircrafts from France at $12 billion (around Rs.80,000 crore) was re-negotiated and finalised at $8.8 billion (around Rs.59,000 crore)," the post, which has an image of Prime Minister Modi on it, said.
  
  The defence ministry refused to comment on the figure.
  
  On Tuesday, Minister of State for Defence Rao Inderjit Singh said most of the roadblocks in negotiations on the Rafale deal had been overcome and it is likely to go to the Defence Acquisition Council (DAC) soon.
  
  Earlier, sources said the negotiations over pricing had almost concluded, and the deal would be final soon.
  
  The defence ministry has not officially quoted any figure for the deal for the fighter aircraft which is one of the most expensive in the world.
  
  In January this year, both sides signed a Memorandum of Understanding (MoU) for the purchase during the visit of French President Francois Hollande to India.
  

http://www.thestatesman.com/news/india/rafale-deal-finalised-at-8-8-bn-bjp/137581.html

 

[Alphacharlie]

Gentlemen Lets Party.....

SPECTA - If you go in Box or Wall formation Spectra can give MAWs cover to all jets all you need is on 1 Rafale.