New Delhi, Sept. 12 -- The Defence Ministry has received and started discussions on the proposal from the Indian Air Force for acquiring 114 'Made in India' Rafale fighter jets, which would be built by the French firm Dassault Aviation involving Indian aerospace firms.

The proposal, expected to be worth over Rs 2 lakh crore, including the indigenous content of more than 60 per cent, is expected to be taken up for discussion by the Defence Procurement Board headed by the Defence Secretary in the next few weeks.

The defence project, once completed, would be the biggest ever defence deal to have been signed by the Indian government.

"The Statement of Case (SoC) or the proposal for the 114 Rafale jets prepared by the Indian Air Force was r...