New Delhi: Government is looking into the complaints against the procedure to determine the winner of multi-billion dollar combat aircraft deal, Defence Minister AK Antony on Thursday said while admitting that there was no money to sign such a big deal in this fiscal.
"There are complaints about the procedure of calculating the Life Cycle Cost and that issue is not yet settled. Before bringing the deal before the Cabinet Committee on Security for final approval, we would like to get clear on that aspect," he told a press conference here.
Antony hoped that deal will be finalised in 2014-15.
French Rafale fighter aircraft has been the lowest bidder in the medium-multirole combat aircraft deal, which is touted as the "mother of all deals" and is expected to cost India more than Rs 60,000 crore.
06/02/14 ZeeNews
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"There are complaints about the procedure of calculating the Life Cycle Cost and that issue is not yet settled. Before bringing the deal before the Cabinet Committee on Security for final approval, we would like to get clear on that aspect," he told a press conference here.
Antony hoped that deal will be finalised in 2014-15.
French Rafale fighter aircraft has been the lowest bidder in the medium-multirole combat aircraft deal, which is touted as the "mother of all deals" and is expected to cost India more than Rs 60,000 crore.
06/02/14 ZeeNews
