BR100 Increased By (1.36%)
BR30 Increased By (1.41%)
KSE100 Increased By (1.18%)
KSE30 Increased By (1.25%)
AGHA 7.88 Increased By ▲ 0.13 (1.68%)
BECO 5.22 Increased By ▲ 0.03 (0.58%)
BML 58.80 Increased By ▲ 0.14 (0.24%)
BOP 34.49 Increased By ▲ 0.80 (2.37%)
CNERGY 10.91 Increased By ▲ 0.30 (2.83%)
CSIL 5.43 Increased By ▲ 0.13 (2.45%)
FCCL 54.85 Increased By ▲ 1.11 (2.07%)
FFL 16.80 Increased By ▲ 0.34 (2.07%)
FNEL 1.23 Increased By ▲ 0.01 (0.82%)
KEL 7.45 Increased By ▲ 0.17 (2.34%)
KOSM 5.69 Increased By ▲ 0.05 (0.89%)
LOTCHEM 29.94 Increased By ▲ 0.29 (0.98%)
MLCF 97.00 Increased By ▲ 0.64 (0.66%)
NBP 205.89 Increased By ▲ 2.36 (1.16%)
NCPL 57.99 Increased By ▲ 1.14 (2.01%)
NPL 69.00 Increased By ▲ 1.69 (2.51%)
OGDC 321.25 Increased By ▲ 3.03 (0.95%)
PACE 10.70 Increased By ▲ 0.07 (0.66%)
PAEL 43.18 Increased By ▲ 1.41 (3.38%)
PIBTL 17.13 Increased By ▲ 0.32 (1.9%)
PPL 223.87 Increased By ▲ 3.70 (1.68%)
PRL 52.12 Increased By ▲ 3.07 (6.26%)
PTC 71.00 Increased By ▲ 0.99 (1.41%)
SSGC 29.65 Increased By ▲ 0.51 (1.75%)
TBL 9.91 Increased By ▲ 0.14 (1.43%)
TELE 9.02 Increased By ▲ 0.20 (2.27%)
TPL 17.70 Increased By ▲ 0.53 (3.09%)
TPLP 13.07 Increased By ▲ 0.56 (4.48%)
TREET 22.94 Increased By ▲ 0.35 (1.55%)
TRG 60.62 Increased By ▲ 0.40 (0.66%)
By

NEW DELHI: India signed a deal with France on Monday to buy 26 Rafale fighter aircraft worth 630 billion rupees ($7.41 billion) for its navy, an official from the Indian defence ministry told Reuters.

The purchase was approved earlier this month by India’s security cabinet, chaired by Prime Minister Narendra Modi, Reuters reported.

The Indian Air Force currently operates 36 Rafale fighters, while the navy’s aircraft fleet mainly comprises Russian MiG-29 jets.

The deal comes as India seeks to modernise its military, reduce dependence on Russian-origin equipment, and boost domestic weapons production to supply forces deployed along two contentious borders with Pakistan and China.

The Indian navy has flagged China’s growing presence in the Indian Ocean over the past decade, with Beijing operating dual-purpose vessels in the region and maintaining a military base in Djibouti since 2017.

It also marks another step in India’s long-standing reliance on French military hardware, including Mirage 2000 jets bought in the 1980s and Scorpene-class submarines ordered in 2005.

Comments

Comments are closed for this article.