Print

Indian, French governments negotiating 26 Rafale marine jet deal

India and France are carrying out negotiations for the price and other related issues for the all-important 26 Rafale Marine fighter aircraft deal for the Indian Navy.

The talks were earlier supposed to be held on May 30 but were postponed to June second week, apparently in view of the pending election process of the Lok Sabha polls.

The overall project is likely to be worth over Rs 50,000 crore and would help increase the number of these advanced aircraft in the Indian inventory to 62 with the existing 36 in the Air Force fleet.

The aircraft would be operated from the aircraft carriers of the Indian Navy including the INS Vikramaditya and the INS Vikrant.

As per the plans, the Indian Navy will deploy these aircraft at the INS Degha in Vishakhapatnam in Andhra Pradesh as their home base.

France had submitted its response to India’s tender for buying 26 Rafale Marine jets for the Indian Navy’s aircraft carriers – INS Vikrant and INS Vikramaditya in December last year.

The response to India’s Letter of Acceptance had been submitted by France in New Delhi.

Indian side is carrying out negotiations with French government officials, as it is a government-to-government contract and India is trying to get a better deal. (ANI)

RELATED ARTICLES

11/03/26 | 5:13 pm

Indian equity indices end lower amid global oil price surge

Indian benchmark equity indices ended sharply lower on Wednesday as a surge in global oil prices and rising geopolitical tensions weighed on investor sentiment. At the closing bell, Sensex settled at 76,863.71, down 1.72 per cent or 1,342.27 points,...

11/03/26 | 3:43 pm | SAIL

SAIL records highest-ever sales in April-February period of FY26

Steel Authority of India Limited (SAIL), the country’s largest public sector steel producer, has reported its highest-ever sales for the April-February period of FY 2025-26, reflecting strong demand and improved operational performance. The Minist...

11/03/26 | 3:41 pm

Oil shrugs potential IEA reserves release, gains on supply worries

Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency's reported plan for a record release of oil reserves could offset potential supply shocks from the U.S.-Israeli conflict with Iran. Brent futures ...