Tuesday, July 22, 2014

$20 billion #Rafale Fighter Jet Deal is making progress

$20 billion Rafale Fighter Jet Deal is making progress
The Contract Negotiation Committee (CNC) for Rs.120,000 crore (or $20 billion) contract to buy 126 Rafale medium multi-role combat aircraft or MMRCA from French aerospace major Dassault Aviation is working out the final details of the deal. This information was given by Defence Minister Arun Jaitley in a written reply to Dr. Pradeep Kumar Balmuchu in Rajya Sabha today. Dassault Aviation had won the contract to supply the fighter jets to the IAF in 2012.
HAL has been designated the lead domestic production agency. 18 of the 126 jets will be produced in France and the remaining 108 will be manufactured at the production unit in India.The Request for Proposal (RFP) for procurement of MMRCA included a full section on Transfer of Technology (ToT) requirements. The offer of Dassault Aviation for Transfer of Technology is compliant to the requirements specified in the RFP, confirmed by Mr.Jaitley.