India, France conclude RS 30,000 cr deal on air defence system

New Delhi: India and France on Thursday concluded negotiations on a deal expected to be worth around Rs 30,000 crore for co-developing a short-range air defence system even as French President Francois Hollande made a fresh push for the sale of Rafale fighter jets to India."Both sides noted the ongoing progress of negotiations on the Medium-Multirole Combat Aircraft (M-MRCA) programme and look forward to their conclusion... steps are being taken for finalisation of the Short-range Surface to Air Missile(SR-SAM) project," India and France said in a joint statement. Read More HERE

‘India keen to sign Rafale deal by mid-2013’

BANGALORE: India hopes to sign a $12-billion deal to buy Rafale jets from France's Dassault Aviation by the middle of the year, the country's air force chief said Thursday. Air Chief Marshall NAK Browne told reporters at India's air show that what should be the world's biggest defence deal was "very much on track".Read More HERE