New Delhi, April 10 -- In a major boost to Indian Navy's operational preparedness, Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi on Wednesday approved procurement of 26 naval variants of Rafale fighter jets built by France. The deal is worth over Rs 64,000 crore.

These fighter jets will start coming in after the likely signing of an inter-government deal between the two countries later this month during the visit of French Defence Minister to New Delhi, sources said.

The Rafale Marine jets will be deployed on aircraft carriers INS Vikrant and INS Vikramaditya and the entire lot is expected to be inducted in five years to replace the ageing MiG-29K fleet, it was learnt. They will significantly enhance the Navy...