India and France on 23 September 2016 inked the 7.8-billion Euro deal for 36 Rafale fighter jets. As per the deal, the aircraft will be equipped with latest missiles and weapon system like Meteor and Scalp.
The 7.8 billion Euro deal is crucial for the Indian Air Force and is expected to give India the dominant status in the air. The deal was signed in New Delhi by Defence Minister Manohar Parrikar and his French counterpart Jean Yves Le Drian.
The features that make the Rafale a strategic weapon is its Beyond Visual Range (BVR) Meteor air-to-air missile with a range in excess of 150 kilometre.
During the Kargil war, India had used a BVR having 50 kilometre range. The delivery of this aircraft will start in 36 months and will be completed in 66 months from the date the contract is inked.
As per reports, the deal comes with a saving of nearly 750 million Euros than the one struck during the previous UPA government, which was scrapped by the Narendra Modi government.
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When: 23 September 2016