French defence minister to visit India amid deadlock in project for 126 Rafale fighters

With the almost $20 billion MMRCA (medium multi-role combat aircraft) project for 126 Rafale fighters stuck in the final stages, French defence minister Jean-Yves Le Drian will be holding talks with his Indian counterpart Manohar Parrikar next week in a bid to resolve the imbroglio. As was first reported by TOI, 90% of the draft contract for the complex MMRCA project has been finalized, under which the first 18 jets are to be delivered to IAF within 36-48 months of the deal being inked.

See the full article at The Times Of India