Thursday, 30 July 2015

Rafale deal: July target missed on pricing issues, India’s insistence on 50% local spending by France

SOURCE: ECONOMIC TIMES The Rafale deal, rescued by Prime Minister Narendra Modi when he visited France in April, has hit a government air pocket. India’s insistence that France spend 50% of the value of the Rafale deal in Indian defence sector (called an offset requirement) and pricing issues have meant that India and France have missed […]

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