India, France sign $7.4 billion Rafale fighter jet deal

Reuters

India sealed a ₹630 billion ($7.4 billion) deal with France on Monday to acquire 26 Rafale-M fighter jets for its navy, deepening Franco-Indian defence ties and accelerating New Delhi’s push to modernise its forces and curb reliance on Russian arms.

India has inked a ₹630 billion ($7.4 billion) agreement with France to purchase 26 Rafale-M fighter jets—22 single-seat and four twin-seat variants—for the Indian Navy, the Defence Ministry announced on Monday. Built by Dassault Aviation, the aircraft will be delivered by 2030, with crews training in both France and India, a programme expected to create thousands of jobs and benefit numerous local firms.

Approved earlier this month by Prime Minister Narendra Modi’s security cabinet, the deal deepens defence ties with France—India’s second-largest arms supplier—and follows the Air Force’s acquisition of 36 Rafales. The new purchase supports New Delhi’s push to modernise its forces, cut reliance on Russian gear and expand domestic production as it faces security challenges from Pakistan and China. It also extends India’s decades-long preference for French hardware, from Mirage 2000 fighters in the 1980s to Scorpene-class submarines ordered in 2005.

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