New Delhi: The multi-billion dollar deal for purchase of 36 Rafale combat aircraft is in "final stages" of price negotiations, Defence Minister Manohar Parrikar has said.
A new roadmap for the upgradation of the inventory in the Indian Air Force is being prepared with focus on 'Make in India' initiative, and any future acquisition will be based on it, he told PTI.
The minister said that issues that came up in talks with the French on the Rafale fighter planes, like 50 per cent offset clause, have "almost been sorted out".
Refusing to put a timeline on when the final contract will be signed, Parrikar said, "It is in the final stages of price negotiations."
Prime Minister Narendra Modi had announced in April this year during his visit to France that India will acquire 36 Rafale planes in fly-away condition under a government-to- government contract.
17/11/15 PTI/Economic Times
To Read the News in full at Source, Click the Headline
A new roadmap for the upgradation of the inventory in the Indian Air Force is being prepared with focus on 'Make in India' initiative, and any future acquisition will be based on it, he told PTI.
The minister said that issues that came up in talks with the French on the Rafale fighter planes, like 50 per cent offset clause, have "almost been sorted out".
Refusing to put a timeline on when the final contract will be signed, Parrikar said, "It is in the final stages of price negotiations."
Prime Minister Narendra Modi had announced in April this year during his visit to France that India will acquire 36 Rafale planes in fly-away condition under a government-to- government contract.
17/11/15 PTI/Economic Times
