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October 30, 2014

Draft of multi-billion dollar deal for 126 IAF fighter jets ready


The draft agreement of the mega multi-billion dollar deal for proposed acquisition of 126 Medium Multi-role Combat Aircraft (MMRCA) with French company Dassault “running into 15,000 pages is almost ready,” sources said on Wednesday, indicating that inking of the proposed deal could be the next biggest step by the Modi government in the defence sector.
Sources said the proposed deal could be inked by the end of this year or early next year adding that “negotiations are proceeding well” between India and France.

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