Cabinet
Committee on Security will approve 36 Rafale fighter deal on Wednesday.
Manjeet Singh
Negi | Posted by Bijin Jose
New Delhi, September
20, 2016 | UPDATED 00:05 IST
Prime
Minister Narendra Modi-headed Cabinet Committee on
Security (CCS) is all set to approve 36 Rafale fighter deal on Wednesday.
In the
negotiations, the Defence Ministry has been able to get a concession of Rs
4,200 crore through hard bargaining as per the instructions of the Prime
Minister and Defence MinisterManohar Parrikar.
French
Defence Minister Yves Le Drian is arriving on September 23 to finalise the deal
which will cost Euros 7.8 billion to India.
The
defence ministry has sent the finalised deal to the CCS after making requisite
changes to its offset section.
The
deal involves the manufacturer outsourcing 50 per cent of the total amount of
the deal from India.
The
cost of 36 fighters will be around Rs 4,200 crore lower than that what was
being offered to the previous UPA regime in the now cancelled contract for
multi-role medium range combat aircraft (MMRCA).
Original post: indiatoday
Exch @ 42,000,000,000 INR is
equal to 630,000,000 USD @ 66.67 Indian rupees to 1
US dollar.
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