India Will Make Decision on Rafale fighter deal likely in March
Indian Defence minister said on Wednesday that India would decide on the fate of Rafale deal by early March, after the contract negotiation committee (CNC) submits its report. Price negotiations have dragged on since 2012, when Rafale won a tender to supply 126 fighter planes for the Indian Air Force (IAF).
The committee is reviewing the long-term costs, called the life-cycle costs, which will be incurred over the life of the plane. The defence minister said he has sought an increase in IAF fleet’s operational performance to make up for the gap. financialexpress