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Indian, French defence associations sign MoU to promote partnership

Press Trust of India  |  New Delhi 

The Indian and French defence and industries associations today signed a memorandum of understanding to promote partnerships between the companies of the two countries.

A statement by Groupement des Industries Francaises Aronautiques et Spatiales (GIFAS), the French Industries Association, said it signed the MoU with the (SIDM) in the field of and defence.

The MoU will allow the implementation of measures to promote a mutually beneficial cooperation in aerospace and defence manufacturing, research and technology, human capital, engineering services, systems integration.

"The signing of this MoU between our two bodies is an excellent opportunity to develop the cooperation between and and shape the aerospace and defence industry of the future," and SIDM said after signing the MoU.

Speaking at a seperate event, Eric Trappier, of Aviation, which manufactures Rafale, said has been very transparent in the pricing of the fighter jet with and some parts of the deal have to be kept secret.

had alleged a "scam" in the defence deal.

Trappier said has an advantage in the new multi-billion Indian fighter jet procurement plan floated by

Last week, the initiated the procurement of 110 fighter aircraft for its depleted combat force now languishing at 31 fighter squadrons against a desired strength of 42.

Trappier said his company won the last time on performance and cost, and it can do it again.

In 2015, the NDA government scrapped a USD 20-billion medium multi-role combat aircraft (MMRCA) project to acquire 126 fighters, in which had emerged winner.

Later, in an inter-governmental deal, India bought 36 fighters from in a euro 7.8 billion contract with that requires deliveries to commence in June 2019.

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

First Published: Mon, April 16 2018. 22:25 IST