India and France have signed an agreement on the long-delayed purchase of 36 French Rafale jet fighters but have yet to reach a final deal on financial issues, Prime Minister Narendra Modi said Monday.
"We have completed an inter-governmental agreement for the purchase of 36 Rafales, with the exception of the financial aspects," Modi said after meeting in New Delhi with French President François Hollande, who is on a three-day visit to India.
Modi announced India's intention to buy the Rafale jets (manufactured by Dassault Aviation) during a visit to Paris in April, touching off several rounds of negotiations over the price and details such as servicing.
The two sides were expected to sign a final agreement during Hollande's visit.
France has previously sold Rafales to both Egypt and Qatar for multi-billion euro contracts, though other proposed deals have fallen through, notably with Brazil.
(FRANCE 24 with AP, AFP)
Date created : 2016-01-25