Friday, 15 February 2013

India, France conclude RS 30,000 cr deal on air defence system

New Delhi: India and France on Thursday concluded negotiations on a deal expected to be worth around Rs 30,000 crore for co-developing a short-range air defence system even as French President Francois Hollande made a fresh push for the sale of Rafale fighter jets to India."Both sides noted the ongoing progress of negotiations on the Medium-Multirole Combat Aircraft (M-MRCA) programme and look forward to their conclusion... steps are being taken for finalisation of the Short-range Surface to Air Missile(SR-SAM) project," India and France said in a joint statement. Read More HERE