BR100 Increased By (0.2%)
BR30 Increased By (0.41%)
KSE100 Increased By (0.07%)
KSE30 Increased By (0.23%)
AGHA 7.75 Decreased By ▼ -0.17 (-2.15%)
BECO 5.19 Decreased By ▼ -0.01 (-0.19%)
BML 58.66 Decreased By ▼ -0.59 (-1%)
BOP 33.69 Increased By ▲ 0.01 (0.03%)
CNERGY 10.61 Increased By ▲ 0.80 (8.15%)
CSIL 5.30 Decreased By ▼ -0.12 (-2.21%)
FCCL 53.74 Increased By ▲ 0.22 (0.41%)
FFL 16.46 Decreased By ▼ -0.22 (-1.32%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 7.28 Decreased By ▼ -0.07 (-0.95%)
KOSM 5.64 Increased By ▲ 0.03 (0.53%)
LOTCHEM 29.65 Increased By ▲ 0.54 (1.86%)
MLCF 96.36 Increased By ▲ 0.86 (0.9%)
NBP 203.53 Decreased By ▼ -0.82 (-0.4%)
NCPL 56.85 Decreased By ▼ -1.39 (-2.39%)
NPL 67.31 Decreased By ▼ -0.48 (-0.71%)
OGDC 318.22 Increased By ▲ 0.28 (0.09%)
PACE 10.63 Decreased By ▼ -0.08 (-0.75%)
PAEL 41.77 Decreased By ▼ -0.06 (-0.14%)
PIBTL 16.81 Increased By ▲ 0.31 (1.88%)
PPL 220.17 Increased By ▲ 0.43 (0.2%)
PRL 49.05 Increased By ▲ 4.46 (10%)
PTC 70.01 Decreased By ▼ -0.76 (-1.07%)
SSGC 29.14 Increased By ▲ 0.21 (0.73%)
TBL 9.77 Decreased By ▼ -0.07 (-0.71%)
TELE 8.82 Increased By ▲ 0.06 (0.68%)
TPL 17.17 Increased By ▲ 0.72 (4.38%)
TPLP 12.51 Increased By ▲ 0.41 (3.39%)
TREET 22.59 Decreased By ▼ -0.21 (-0.92%)
TRG 60.22 Increased By ▲ 0.19 (0.32%)
By

NEW DELHI: India’s defence ministry has given initial approval to purchase 26 Rafale fighter jets for its navy and three Scorpene class submarines, a source familiar with the matter told Reuters on Thursday, ahead of Prime Minister Narendra Modi’s arrival in France.

Modi is on his way to deepen ties with New Delhi’s oldest strategic partner in the West, with a slew of high-profile defence deals expected and a new joint plan to ensure stability in the Indo-Pacific.

The deal will be for the purchase of 26 Dassault Aviation Rafale fighter jets, including four trainers, and for three Scorpene class submarines to be made by Mazagon Dock Shipbuilders with France’s Naval Group, the source told Reuters.

The ageing fleet of India’s Russian-made platforms, Moscow’s inability to perform maintenance work, and delays in India’s indigenous manufacturing plans for parallel platforms have necessitated the two new defence deals.

The marine version of Dassualt’s Rafale jets, intended for India’s first indigenous aircraft carrier commissioned last year, outperformed the American SuperhornetF18s in tests last year for Indian requirements. Details on the deal value are not known yet.

India has relied on French fighter jets for four decades now.

Much before buying Rafale in 2015, India bought Mirage jets in 1980s, which still comprise two squadrons of the air force.

In 2005, India bought six Scorpene-class diesel submarines from France for 188 billion rupees ($2.29 billion), the last of which will be commissioned next year.

Comments

Comments are closed for this article.

Tulukan Mairandi Jul 13, 2023 03:41pm
It will likely be worth IMF loan + Saudi & UAE deposits combined.
0
Builder Jul 13, 2023 10:47pm
@Tulukan Mairandi after this deal, India will have only 62 Rafale while Pakistan already has 150+ JF thunder and probably will reach the 200 count when this deal closes. So, who will have the edge at the end? The best part is, JFT is upgradable to new block, Rafale is not.
0