India plans to sign the $11 billion MMRCA (Medium Multi-Role Combat Aircraft) deal with French Rafale by the end of this month-end or next month, a senior Indian Air Force official said today.
"I find no reason why it shouldn't be signed by the end of this month or next month", Air Officer Commanding-in-Chief, Training Command, IAF, Air Marshal Rajinder Singh said.
Rafale ready for action ( Image Courtesy - airliners.net)
He indicated that negotiations are currently on with regard to pricing for the 126-aircraft deal. "There is money....this thing here and there (pricing being finalised)".
The Air Marshal said, the first aircraft under the MMRCA deal would start "flowing in" in 2017.
News Courtesy - http://economictimes.indiatimes.com
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