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India signs 7.8 bln euro deal for 36 Rafale fighter jets from France

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Reuters NEW DELHI
Last Updated : Sep 23 2016 | 1:07 PM IST

NEW DELHI (Reuters) - India signed a deal to buy 36 Rafale fighter jets from France on Friday for close to 7.8 billion euros ($8.7 billion) on Friday, the country's first major acquisition of fighter planes for two decades.

France's Defence Minister Jean-Yves Le Drian inked the agreement with his Indian counterpart Manohar Parrikar in New Delhi, ending almost 18 months of wrangling over financial terms between New Delhi and Dassault Aviation, the jet's manufacturer.

India's defence ministry said it would confirm the exact price later on Friday, but officials said it would be close to 7.8 billion euros.

($1 = 0.8920 euros)

(Reporting by Nigam Prusty and Tommy Wilkes; Editing by Sanjeev Miglani)

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First Published: Sep 23 2016 | 12:51 PM IST

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