HindustanTimes Thu,17 Apr 2014

Rs.30,000-crore defence deal with France concludes

Jayanth Jacob, Hindustan Times  New Delhi, February 14, 2013
First Published: 10:59 IST(14/2/2013) | Last Updated: 00:42 IST(15/2/2013)

India and France on Thursday concluded negotiations for co-developing a short-range air defence system — worth around Rs.30,000 crore — and French president made a push for the sale of Rafale fighter jets to India.


“Talks on the M-MRCA contract are progressing well. We have concluded negotiations on the SR-SAM, which, once approved by the government, will be co-developed and co-produced in India,” PM Manmohan Singh said.

The M-MRCA deal is worth over $10 billion.

“Both sides noted the progress of negotiations on the Medium-Multirole Combat Aircraft programme... steps are being taken for finalisation of the Short-range Surface to Air Missile project,” the statement said.

more from New Delhi

Delhi: HIV patient gets 7 years' jail for robbery

A Delhi court has sentenced an HIV-positive man and his wife to seven years in jail for robbery and house trespassing. The court said there were no grounds for leniency on account of health since such crimes were on the rise and needed to be curbed.

Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved