NEW DELHI: India and France are yet to resolve their major differences over the cost for 36 Rafale fighters even nine months after the Modi-Hollande summit in Paris on April 10 last year gave the go-ahead for the negotiations. This, as expected, ensured the Inter-Governmental Agreement (IGA) and the actual multi-billion dollar contract could not be inked during President Francois Hollande's visit to India.
France has chosen a wrong moment to arm-twist India over Rafale.
This could impact trade,especially in areas like tourism and intellectual property protection,both of which are important revenue sources for France.
As for India,it needs to rapidly do something (beg,borrow,steal) about acquiring jet engine technology. Congress has slept over it for 40 years and eaten away all tax revenurew which could have been allocated towards its development
France is one of the major arm sellers and in most of the cases sells to both the warring factions for super profit!
Will the 3rd World wake up and save their hard earned money from the imperialist looters?
hope both countries reach common consensus soon.
It is such a shame that India has to import all our defense equipment. SHAME on the HAL for not being able to produce a fighter jet, even after 40 years of its existance.
When it was announced 50 percent of work will be under make in india that merely means the work in terms of volumes which be no more than manufacturing nuts and bolts, plastic parts including see through top covers, dashboards, windscreens, washers etc. the bulk of the order including the jet engines, crucial body frame and artificial intelligence which would be worth Rupees 1500 crore plus will be made in france and employ 1000s intially and later 100s of French for the next 40 years under service.