India to complete Rafale jet deal in 2014-15 fiscal year: A.K. Antony
Antony said, the country has already spent 92% of its defence capital budget for the current fiscal year that ends in March
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Antony A K, Defence Minister
India is only likely to complete a $15 billion deal with France's Dassault Aviation
"Major procurement can only be possible in the next financial year," A.K. Antony said at a defence sector trade fair.
As of February 1, Antony said, the country has already spent 92% of its defence capital budget for the current fiscal year that ends in March.
Dassault Aviation's chief executive Eric Trappier said in December that he was optimistic about finalising the fighter jet deal within a few months, though he was unsure whether it would be sealed before or after the national elections in India, which must completed by May.
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First Published: Feb 06 2014 | 12:21 PM IST