India signs deal with France to buy 36 Rafale fightersStaff Writer | September 23, 2016
India signed an $8.78 billion deal with France to buy 36 Rafale fighter jets in "ready to fly" condition, meaning they will be made in France.
Defense industry To replace older planes in the Indian air force
The first of the Rafales, made by Dassault Aviation, will be delivered in three years and the last in 5½ years, the Press Trust of India news agency reported.
Talks between France and India over the purchase began four years ago. The deal, signed by Indian Defense Minister Manohar Parrikar and his visiting French counterpart Jean Yves Le Drian, includes a clause stipulating that Dassault will invest about 30% of the contract price in India's domestic aeronautics-related programs and 20% in the licensed manufacture of Rafale components.
India has become the world's biggest arms importer, with an economic boom enabling it to modernize its military. Major arms manufacturers are wooing the country as it replaces its obsolete Soviet-era weapons and buys new equipment.
The Indian air force has an approved strength of 42 squadrons with 16 to 18 aircraft each, but at present has only 32 squadrons, said Praful Bakshi, an aviation expert. ■