India to ink Rs 630 billion Rafale-M deal with France on April 28
DEFENSE

India to ink Rs 630 billion Rafale-M deal with France on April 28

India is set to sign its biggest-ever defence deal with France on April 28 for the procurement of 26 Rafale Marine jets for the Navy, with the agreement valued at over Rs 630 billion. French Defence Minister Sebastien Lecornu will be present for the signing, which is likely to take place outside South Block.

Senior officials from both nations will represent the two sides at the event, sources told ANI. Lecornu is scheduled to arrive in India on Sunday evening and return the next day.

The Cabinet Committee on Security, chaired by Prime Minister Narendra Modi, had cleared the Rafale-M deal on April 9 under a government-to-government framework. The contract includes 22 single-seater and four twin-seater jets, as well as a full maintenance and logistics package, training for personnel, and provisions for domestic component manufacturing.

The Rafale-Ms will operate from aircraft carrier INS Vikrant and complement the Navy’s existing MiG-29K fleet.

The Indian Air Force already operates 36 Rafale jets acquired through a 2016 deal. These are deployed at bases in Ambala and Hasimara. With the addition of the Navy’s 26 Rafale-Ms, India’s Rafale fleet will expand to 62 aircraft, strengthening the country’s 4.5-generation fighter capabilities.

Meanwhile, the IAF is preparing to float a new tender for multirole fighter jets, though it has shown a preference for specific platforms to address near-term requirements.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

India is set to sign its biggest-ever defence deal with France on April 28 for the procurement of 26 Rafale Marine jets for the Navy, with the agreement valued at over Rs 630 billion. French Defence Minister Sebastien Lecornu will be present for the signing, which is likely to take place outside South Block. Senior officials from both nations will represent the two sides at the event, sources told ANI. Lecornu is scheduled to arrive in India on Sunday evening and return the next day. The Cabinet Committee on Security, chaired by Prime Minister Narendra Modi, had cleared the Rafale-M deal on April 9 under a government-to-government framework. The contract includes 22 single-seater and four twin-seater jets, as well as a full maintenance and logistics package, training for personnel, and provisions for domestic component manufacturing. The Rafale-Ms will operate from aircraft carrier INS Vikrant and complement the Navy’s existing MiG-29K fleet. The Indian Air Force already operates 36 Rafale jets acquired through a 2016 deal. These are deployed at bases in Ambala and Hasimara. With the addition of the Navy’s 26 Rafale-Ms, India’s Rafale fleet will expand to 62 aircraft, strengthening the country’s 4.5-generation fighter capabilities. Meanwhile, the IAF is preparing to float a new tender for multirole fighter jets, though it has shown a preference for specific platforms to address near-term requirements.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement