Indo-French arms deal

arm deal
French President François Hollande on 25 January met Prime Minister Narendra Modi at Hyderabad House in New Delhi.

Having tackled business-to-business issues at their meeting in Chandigarh on 24 January, Modi and Hollandefocussed on inter-governmental issues. The two countries have signed an MoU on purchase of 36 Rafale fighter jets.
Earlier, Hollande after being greeted by President Pranab Mukherjee and thePrime Minister Narendra Modi said, “I would like to thank India for its welcome.” He was earlier given a ceremonial welcome at the Rashtrapati Bhawan.

Estimated at $9 billion, the Rafale deal was to have been the centrepiece of Hollande’s visit to India Hollande. Modi said only the financial details needed to be worked out in finalising the much-awaited purchase of Rafale jets from France. “Only financial aspects of the Rafale deal is left. The inter-governmental agreement has been finalised. It will be done soon,” the Prime Minister.
Hollande said the two countries are going to “follow up” on all decisions on the climate change front as well as areas of economic cooperation.