Defence Ministry to take a call on the purchase of Rafale fighter jets
The Defence Ministry's top acquisition council is likely to take up this month the final report submitted by a team negotiating the much-anticipated Rafale fighter jet deal with France
New Delhi: The Defence Ministry's top acquisition council is likely to take up this month the final report submitted by a team negotiating the much-anticipated Rafale fighter jet deal with France.
The Defence Acquisition Council (DAC), chaired by Defence Minister Manohar Parrikar, is likely to meet on 18 August.
The Council had last month reviewed the multi-billion Euro Rafale deal and directed the Indian negotiating team to submit its report "expeditiously".
"The negotiating team has submitted its report which is under examination," the Minister said in a written reply to the Lok Sabha on Friday.
During his visit to France in April last year, Prime Minister Narendra Modi had announced that India would purchase 36 Rafale jets in a government-to-government contract.
Soon after the announcement, the Defence Ministry scrapped a separate process that was on to purchase 126 Rafale fighter planes, built by French defence giant Dassault Aviation.
The new deal comes with the clause of delivering 50 percent offsets, creating business worth at least 3 billion Euros for smaller Indian companies and generating thousands of jobs in India through offsets.
The commercial negotiations on the pricing of the planes, equipment and other issues began in mid-January this year.
This move came after Prime Minister Narendra Modi's instruction to recruit 10 lakh people in various departments and ministries in the next 18 months
The main objectives of the BIMSTEC TTF are to coordinate, facilitate and strengthen cooperation in technology transfer among the BIMSTEC member states by promoting the transfer of technologies, sharing of experiences and capacity building
Narendra Modi, who is visiting Germany to attend the G7 Summit, made the remarks while addressing thousands of members of the Indian community at a grand event held at the Audi Dome stadium in Munich