India, April 28 -- The Indian and French governments have signed an Inter-Governmental Agreement (IGA) for the procurement of 26 Rafale Aircraft (22 Single-Seater and four Twin-Seater) for the Indian Navy.

The deal is reportedly valued at over Rs 63,000 crore.

"It includes Training, Simulator, Associated Equipment, Weapons and Performance-Based Logistics," read a statement issued by the Indian government.

It also includes additional equipment for the existing Rafale fleet of the Indian Air Force (IAF).

"The IGA has been signed by Raksha Mantri Shri Rajnath Singh and Minister of Armed Forces of France Mr Sebastien Lecornu," the statement said.

"In line with the Government's thrust on Aatmanirbhar Bharat, the agreement includes Transfe...