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May 25, 2016
rafale deal, rafale jets, indian defence spending, manohar parrikar
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INDIA IS yet to respond, either verbally or in writing, to a letter sent to Defence Minister Manohar Parrikar on April 1 by his French counterpart Jean-Yves Le Drian, who made what is said to be the “best offer” his country can make in a government-to-government deal for 36 Rafale fighter jets, sources told The Indian Express. The initial French offer for the 36 fighters made by Dassault Aviation was for around Euro 10.5 billion, following which the Indian side asked for a 30 per cent cut. The latest offer, made in the French minister’s letter, is of around Euro 7.8 billion, said sources.

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