Talks on jet deal still on, says min­is­ter

Weekend Argus (Saturday Edition) - - BUSINESS -

NEW DELHI: France’s de­fence min­is­ter said yes­ter­day ne­go­ti­a­tions with In­dia to sell 126 Rafale fighter jets from Das­sault Avi­a­tion were pro­ceed­ing well, but did not say when the deal would be fi­nalised.

In­dia picked the Rafale in Jan­uary last year af­ter a bid be­tween ri­val sup­pli­ers. But dif­fer­ences over the in­dus­trial role of In­dia’s state-run Hin­dus­tan Aero­nau­tics have de­layed the deal. Un­der the deal, Das­sault is ex­pected to send 18 ready-made jets, then man­u­fac­ture the rest in In­dia.

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