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India-France Rafale negotiations in final stages

Negotiations for India to buy 36 French Rafale fighter jets are almost at the close, the defence ministry said, with sources saying the price will be set at around $ 9 billion (approx Rs 65,000 crore).

Both sides had hoped to wrap up the strategic order during President Francois Hollande’s visit for India’s Republic Day celebration in January, but hard bargaining on price stalled a final result.

In April last year, Prime Minister Narendra Modi had announced in Paris that India would buy the French fighter jets under a government-to-government deal, scrapping the original plan to buy 126 Rafales after commercial negotiations with plane-maker Dassault Aviation collapsed.

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