60,000 crore military deal !!

 January 27 2016 at 5:22   235    Republic day France President Hollande India Military PM Modi

60,000 crore military deal !!

France president Hollande might be chief guest of this year’s Republic day celebrations. But he is not alone! A delegation has come along with Hollande to move the `Rafale jet deal’ further. India has long since been lagging behind with the old jets of the soviet era. So it’s no surprise for the defense ministry to expect the latest to remain the best. Rafale jets seem to fit the scenario. Rafale jets are known to serve the defense at sea, air as well as ground. These aircrafts are manufactured by `Dassault Aviation’ of France. Though India has thought to acquire more than 100 Rafale planes, the mind blowing price has brought down the number to 36. But, even 36 planes could cost a lot for us. France is demanding a whooping 11 billion Euros for the fleet, while India is ready to pay just 7-8 billion Euros. Even 8 billion Euros when converted in rupees can mean 60,000 crores! Besides the price bargain, the Indian counterparts were expecting a few more services from France in exchange of the deal. France is requested to invest 50% of amount in the Indian market and help us in developing the infrastructure at the airbases. If the deal comes into effect, it would be one of the biggest deals in the history of Indian military.

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