Saturday, July 16, 2016

India seeks further discount on Rafale, deal in final stages

New Delhi: India is pushing for a final discount of nearly 1,50,000 Euros in the much-anticipated Rafale fighter jet deal with France even after successfully bringing down the price by nearly two billion Euros.
The French side, however, is adamant on the price it had offered way back in April which comes to about 7.89 billion Euros for the 36 fighter jets in fly away conditions, defence sources said.
The price was brought down from nearly 10 billion Euros, as sought initially, due to various reasons, including the discount offered by the French government and reworking of some of the criteria.
The Indian side is now directly negotiating with the French Embassy here rather than the negotiating team, which used to fly down from Paris, as talks are more focussed on price rather than other areas.
“There is a limit till which France can really come down to,” a defence source said, adding that the deal is finally set to be inked.
15/07/16 PTI/Financial Express
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