Nation

Defence Ministry Approves Proposals To Buy 26 Rafales, 3 Scorpene Submarines From France

New Delhi, [India] : Defence Ministry on Thursday approved plans to buy 26 Rafale fighter aircraft and three Scorpene class conventional submarines for the Indian Navy from France.

The proposals were approved by the Defence Acquisition Council (DAC) meeting attended by Defence Minister Rajanth Singh, Chief of Defence Staff Gen Anil Chauhan and the three services chiefs and senior officials, defence officials told ANI. The deals, which have been accorded Acceptance of Necessity by DAC, are likely to be announced during Prime Minister Modi’s visit to France, sources said. PM Modi embarked on a two-day visit to France on Thursday morning.

As per the proposals, the Indian Navy will get 22 single-seated Rafale Marine aircraft along with four trainer aircraft. The Navy has been pressing for acquiring these fighter aircraft and submarines urgently as the force has been facing shortages in view of the security challenges around the country.

The aircraft carriers INS Vikramaditya and Vikrant have been operating the MiG-29s and need the Rafales for operations on both carriers. Meanwhile, the three Scorpene class submarines would be acquired under the repeat clause by the Navy as part of Project 75 and would be built at the Mazagon Dockyards Limited in Mumbai. The deals are estimated to be worth over Rs 90,000 crore but the final cost would be clear only after the contract negotiations are completed which will be held after the deal is announced.

India is likely to seek price concessions in the deal and would be insisting on having more ‘Make-in-India’ content in the plan, sources said. Industry sources said for the Rafale-Marine deal, India and France are expected to form a joint team for negotiations as was done for the previous Rafale deal for 36 fighter aircraft. The deal would be negotiated and only after that it would be finalised and implemented by the two sides.

Admin

Recent Posts

Zakir Hussain’s Marriage to Antonia Minnecola: How Love Overcame Family Traditions

The legendary tabla maestro married Antonia without his mother’s approval; his father officiated the Muslim…

42 minutes ago

Aamir Khan Opens Up About Dream Project Mahabharata: ‘It’s Scary, I Don’t Want to Get It Wrong’

Aamir Khan shares his desire to produce films annually while addressing the challenges of making…

57 minutes ago

India’s Forex Reserves Dip by 2.63%, Not the Steepest Decline in Two Decades: Government Clarifies

Minister of State for Finance points to 2008 global financial crisis as the period with…

59 minutes ago

D Gukesh Will Pay This Humungous Amount as Tax on His ₹11 Crore Chess Title Win

Fans celebrate Gukesh's historic victory while trolling Nirmala Sitharaman over the hefty income tax cut…

1 hour ago

India’s FY25 Fiscal Deficit Projected at 4.8% Amid Robust Tax Collections

Strong GST and income tax revenues offset weaker corporate tax performance; capex shortfall raises concerns…

1 hour ago

Indian Companies See 32% PAT Growth in FY24 Despite Modest Revenue Rise

4,000 listed firms report robust profit growth driven by efficient cost management and moderated employee…

1 hour ago