New Delhi, April 29 -- India and France on Monday inked an Intergovernmental Agreement (IGA) to procure 26 naval variants of Rafale fighter jets at a cost of around Rs 64,000 crore for the Indian Navy.
The pact provides for setting up of a production facility for Rafale fuselage as well as maintenance, repair and overhaul facilities for aircraft engines, sensors and weapons in India, according to the Defence Ministry.
In line with the Government's thrust on Aatmanirbhar Bharat, the agreement includes Transfer of Technology for integration of indigenous weapons in India. It also includes setting up of production facility for Rafale Fuselage as well as Maintenance, Repair and Overhaul facilities for aircraft engine, sensors and weapons in I...