Tuesday, 26 January 2016

Modi’s Rafale deal is a billion-dollar loss to India’s public sector

SOURCE: DAILYO President Francois Hollande is in town. Negotiations are on about the French fighter aircraft. The Rafale costs $9 million per aircraft; with advanced avionics, it can cost up to $50 million. Earlier, the Indian Air Force was armed largely with Soviet/Russian aircraft like MIGs and Sukhois. They served the IAF well in 1965 […]

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