India and France sign agreement on purchase of Rafale jets

Ending speculation and giving a definitive shape to the purchase of 36 Rafale fighter jets, India and France on Monday signed the Inter-Government Agreement (IGA) which will form the basis for the commercial deal. However, the crucial issue of pricing is yet to be resolved which French President Francois Hollande said would be sorted out in a “few days.” The pact was signed by the Defence Ministers in the presence of Prime Minister Narendra Modi and Mr. Hollande. Addressing the joint press conference, Mr. Modi announced, “We are very happy that we have formed an agreement for purchase of 36 Rafale aircrafts with France.” He added there are “some financial issues” which will be sorted very soon.

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