New Delhi, April 29 -- India and France have formalized a significant defense partnership through the signing of an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale Aircraft specifically configured for the Indian Navy.

These industrial arrangements are projected to generate substantial employment opportunities and revenue streams for numerous Micro, Small, and Medium Enterprises (MSMEs) involved in the establishment, production, and operational phases of these facilities.

The procurement package encompasses 22 Single-Seater and four Twin-Seater aircraft, along with comprehensive training, simulators, associated equipment, weapons systems, and performance-based logistics support.

The agreement also includes provisions...