Livefist has obtained access to the first comprehensive details of France’s plans on what will easily be the most challenging component of the Rafale deal: the offsets. Offsets involve investments and sourcing that companies manufacturing the Rafale must make in India amounting to half of the deal’s €7.87 billion value.
AS A POLITICAL STORM INTENSIFIES AROUND INDIA’S €7.87 billion deal for 36 Rafale fighter jets from France, and substantial fire focused through allegations of preferential corporate partnerships for the €4 billion in offsets that Dassault Aviation and its partners need to execute, the Narendra Modi Government today pushed out more information by way of an answer in Parliament. The answer not only republished cost figures, with the important disclaimer that these figures didn’t take into account the cost of India-specific modifications, weapons and other services, but also cleared the air on allegations over whether India’s apex Cabinet Committee on Security was in the loop on the Rafale deal.
But as the government prepares to fight off in Parliament what appears to be a dogged opposition attack on the deal, Livefist has obtained access to the first comprehensive details of France’s plans on what will easily be the most challenging component of the Rafale deal: the offsets. Offsets involve investments and sourcing that companies manufacturing the Rafale must make in India amounting to half of the deal’s €7.87 billion value. The offsets are to be executed within seven years from the time the deal was signed — by 2023, that is.
This story is from the April 2018 edition of SP’s Aviation.
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This story is from the April 2018 edition of SP’s Aviation.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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