New Delhi: India's defence minister on Thursday ruled out any prospect of a deal to buy fighter jets from France's Dassault Aviation before national elections - expected by May - due to budgetary constraints.
The announcement eliminates any chance of the current government concluding its biggest defence procurement project and means the French firm faces new uncertainty in its most promising export market.
"Because of shortage of money don't expect this (financial) year any final decision or agreement," Defence Minister A.K. Antony told reporters in New Delhi at a news conference.
06/02/14 Straits Times
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The announcement eliminates any chance of the current government concluding its biggest defence procurement project and means the French firm faces new uncertainty in its most promising export market.
"Because of shortage of money don't expect this (financial) year any final decision or agreement," Defence Minister A.K. Antony told reporters in New Delhi at a news conference.
06/02/14 Straits Times
