You are here: Home » Reuters » News

India signs deal for 36 Rafale fighter jets to counter China, Pakistan squadrons

By Tommy Wilkes and Nigam Prusty

(Reuters) - signed a deal to buy 36 fighter jets from France on Friday for around $8.7 billion, the country's first major of combat planes in two decades and a boost for Prime Minister Modi's plan to rebuild an ageing fleet.

The air force is down to 33 squadrons, against its requirement of 45 to face both China, with which it has a festering border dispute, and nuclear-armed rival Pakistan.

French Defence Minister Jean-Yves Le Drian signed the agreement with his Indian counterpart, Manohar Parrikar, in New Delhi, ending almost 18 months of wrangling over terms between and manufacturer Aviation.

India's defence ministry said it would confirm the exact price later on Friday, but a ministry official said it was 7.8 billion euros ($8.7 billion).

Air force officials have warned for years about a major capability gap opening up with and without new state-of-the-art planes, as India's outdated and largely Russian-made fleet retires and production of a locally made plane was delayed.

had originally awarded with an order for 126 Rafales in 2012 after the twin-engine fourth-generation fighter beat rivals in a decade-long selection process, but subsequent talks collapsed.

Modi, who has vowed to modernise India's armed forces with a $150 billion spending spree, personally intervened in April 2015 to agree on the smaller order of 36 and give the air force a near-term boost as he weighed options for a more fundamental overhaul.

The first ready-to-fly Rafales are expected to arrive by 2019 and is set to have all 36 within six years.

Aviation said in a statement it welcomed the contract signing.

($1 = 0.8920 euros)

(Reporting by Nigam Prusty and Tommy Wilkes; Editing by Sanjeev Miglani and Nick Macfie)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22
Business Standard

India signs deal for 36 Rafale fighter jets to counter China, Pakistan squadrons

Reuters  |  NEW DELHI 

By Tommy Wilkes and Nigam Prusty

(Reuters) - signed a deal to buy 36 fighter jets from France on Friday for around $8.7 billion, the country's first major of combat planes in two decades and a boost for Prime Minister Modi's plan to rebuild an ageing fleet.

The air force is down to 33 squadrons, against its requirement of 45 to face both China, with which it has a festering border dispute, and nuclear-armed rival Pakistan.

French Defence Minister Jean-Yves Le Drian signed the agreement with his Indian counterpart, Manohar Parrikar, in New Delhi, ending almost 18 months of wrangling over terms between and manufacturer Aviation.

India's defence ministry said it would confirm the exact price later on Friday, but a ministry official said it was 7.8 billion euros ($8.7 billion).

Air force officials have warned for years about a major capability gap opening up with and without new state-of-the-art planes, as India's outdated and largely Russian-made fleet retires and production of a locally made plane was delayed.

had originally awarded with an order for 126 Rafales in 2012 after the twin-engine fourth-generation fighter beat rivals in a decade-long selection process, but subsequent talks collapsed.

Modi, who has vowed to modernise India's armed forces with a $150 billion spending spree, personally intervened in April 2015 to agree on the smaller order of 36 and give the air force a near-term boost as he weighed options for a more fundamental overhaul.

The first ready-to-fly Rafales are expected to arrive by 2019 and is set to have all 36 within six years.

Aviation said in a statement it welcomed the contract signing.

($1 = 0.8920 euros)

(Reporting by Nigam Prusty and Tommy Wilkes; Editing by Sanjeev Miglani and Nick Macfie)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

India signs deal for 36 Rafale fighter jets to counter China, Pakistan squadrons

NEW DELHI (Reuters) - India signed a deal to buy 36 Rafale fighter jets from France on Friday for around $8.7 billion, the country's first major acquisition of combat planes in two decades and a boost for Prime Minister Narendra Modi's plan to rebuild an ageing fleet.

By Tommy Wilkes and Nigam Prusty

(Reuters) - signed a deal to buy 36 fighter jets from France on Friday for around $8.7 billion, the country's first major of combat planes in two decades and a boost for Prime Minister Modi's plan to rebuild an ageing fleet.

The air force is down to 33 squadrons, against its requirement of 45 to face both China, with which it has a festering border dispute, and nuclear-armed rival Pakistan.

French Defence Minister Jean-Yves Le Drian signed the agreement with his Indian counterpart, Manohar Parrikar, in New Delhi, ending almost 18 months of wrangling over terms between and manufacturer Aviation.

India's defence ministry said it would confirm the exact price later on Friday, but a ministry official said it was 7.8 billion euros ($8.7 billion).

Air force officials have warned for years about a major capability gap opening up with and without new state-of-the-art planes, as India's outdated and largely Russian-made fleet retires and production of a locally made plane was delayed.

had originally awarded with an order for 126 Rafales in 2012 after the twin-engine fourth-generation fighter beat rivals in a decade-long selection process, but subsequent talks collapsed.

Modi, who has vowed to modernise India's armed forces with a $150 billion spending spree, personally intervened in April 2015 to agree on the smaller order of 36 and give the air force a near-term boost as he weighed options for a more fundamental overhaul.

The first ready-to-fly Rafales are expected to arrive by 2019 and is set to have all 36 within six years.

Aviation said in a statement it welcomed the contract signing.

($1 = 0.8920 euros)

(Reporting by Nigam Prusty and Tommy Wilkes; Editing by Sanjeev Miglani and Nick Macfie)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard