The Indian Defence Ministry is set to approve a historic ₹3.25 lakh crore deal for 114 Rafale fighter jets this week. The agreement, coinciding with President Macron’s visit, emphasizes "Make in India," with 100 jets to be manufactured locally through advanced technology transfers.
India edges closer to enhancing air power as the Defence Procurement Board approves buying 114 Rafale fighter jets from France's Dassault Aviation. Chaired by Defence Secretary Rajesh Kumar Singh, the proposal now awaits Defence Minister Rajnath Singh's DAC and PM Modi's CCS nod. A February Modi-Macron meet could seal it, featuring Make in India tech transfers, 55-60% local content, Indian weapons integration, and a new Hyderabad fuselage plant while Tejas Mk-1A and AMCA proceed independently.
During his visit, Prime Minister Modi will meet with French President Emmanuel Macron to discuss a broad range of issues, including joint production of military platforms, the prospective purchase of Rafale-Marine (Rafale M) fighter jets for the Indian Navy's indigenously-made INS Vikrant aircraft carrier, nuclear reactors, and deeper cooperation in space, among others.
Sanjay Bhandari has claimed that the French company owes over 92 crores to him for a defence transaction signed in India a decade ago, during the UPA regime.