Defence acquisition council meets today, likely to push Rafale deal

July 14, 2016 08:31

The much-hyped multi-billion dollar Rafale deal could see some forward movement today as the top acquisition body of the defence ministry is set to take a review of the negotiations held so far into the purchase of the French fighters.

Defence sources said the Rafale fighter jet deal is one of the issues that will be discussed during the meeting of the Defence Acquisition Council today at the South Block.

As per the normal process, once the deal is cleared by defence ministry, the file will go to the finance ministry and then to the Cabinet Committee on Security for final clearance.

The deal was announced by Modi in April last year during his visit to France when he said India would purchase 36 Rafales in a government-to-government contract. Soon after the announcement, the defence ministry scrapped a separate process that was on to purchase 126 Rafales, built by French defence giant Dassault Aviation.

The current deal comes with the clause of delivering 50 per cent offsets, creating business worth at least 3 billion Euros for smaller Indian companies and generating thousands of new jobs in India through the offsets.

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