India-France ink Rafale deal

ProMASS News Bureau: Sep 24, 2016: The deal worth Rs. 59,000 crores includes 36 aircraft, weapons, spares, support and maintenance. Under the deal, There is a 50 percent offset clause under which French industry will invest half the contract value back into India which is expected to develop some expertise domestically in the aerospace sector. Equipped with latest missiles and weapon system besides multiple India- specific modifications, the Rafale will give the IAF cutting edge capability. The first Rafale will be delivered within 36 months after signing the contract with remaining 35 to be supplied in the time frame of 60 months. The fighter aircraft comes equipped with state-of-the-art missiles like ‘Meteor’ and ‘Scalp that will give IAF better capability.