PRIME MINISTER NARENDRA Modi touched down in Paris on his two-day visit on Thursday, shortly after the defence ministry approved fast-track acquisition of 26 Rafale naval aircraft and 3 additional Scorpene submarines from France.
In 2016, India had purchased 36 Rafale aircraft from France at a cost of ₹60,000 crore, and all of these have already been delivered to India. The new deal is expected to be worth a comparable amount, although price negotiations are still under way.
The signing of the deals for Rafale and Scorpene is expected to total over ₹90,000 crore, according to agency reports.
Expansion of bilateral defence ties is expected to be a key focus of Modi's talks with French President Emmanuel Macron."I look forward to meeting President Macron and holding wide-ranging discussions on taking forward this longstanding and time-tested partnership over the next 25 years," Modi said in his departure statement. "We also work together on regional and global issues," he added. Modi will join the French president or the French National Day celebrations as the Guest of Honour.
Modi also met thought leaders and businessmen on Thursday and will have a private dinner meeting with Macron. The two will also interact with the CEOs from both countries under the rubric of India-France CEO Forum.
According to official sources, the visit will see discussions on bilateral cooperation in the areas of space and security.
Bu hikaye Financial Express Mumbai dergisinin July 14, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin July 14, 2023 sayısından alınmıştır.
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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