14 April 2015

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India Cancels $20 billion MMRCA deal for 126 Rafale jets

India Cancels $20 billion MMRCA deal for 126 Rafale jets

BJP government has scrapped the $20 billion Medium Multi-Role Combat Aircraft (MMRCA) deal for purchase of 126 Rafale fighter jets which was negotiated by the previous Congress [United Progressive Alliance] government

Under the MMRCA deal, India was to get only 18 Rafale directly while the rest 108 fighters were to be manufactured by state-owned Hindustan Aeronautics Limited.

Prime Minister Narendra Modi during his recent visit to France negotiated with the government there to buy 36 Rafale fighter jets in fly-away condition under a new deal. After meeting French President Francois Hollande in Paris on April 11, PM Modi announced that IAF would get 36 Rafale jets.

Defense Minister Manohar Parrikar told to CNNIBN that India and France both the countries have principally agreed for 36 planes, but the final decision regarding how many planes India will build indigenously will be decided later when both India and France will discuss and finalize the finer points of the deal.

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Tuesday, April 14, 2015

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