French President Francois Hollande's India Visit: Key Takeaways

Nine months after expressing its willingness to buy 36 Rafale jets in “fly-away” condition, India has reached an agreement with France on their specifications and weapons systems — but not on the price. Defence Minister Manohar Parrikar and his French counterpart Jean-Yves Le Drian signed the Memorandum of Understanding (MoU) on the Inter-Governmental Agreement (IGA) pertaining to technical aspects of the Rafale deal on Monday. Later, Prime Minister Narendra Modi and visiting French President Francois Hollande expressed confidence that the financial aspects would be resolved soon. - See more