India plans major defence acquisition of Rafale and P-8I aircraft
after close1 source ↓written by the desknot a recommendation
- deal
- ₹3.25 lakh crore
- at the upcoming
- 114 Rafale fighter jets
India is set to approve a ₹3.25 lakh crore deal for 114 Rafale fighter jets at the upcoming Defence Acquisition Council (DAC) meeting. This move aims to bolster the Indian Air Force's capabilities amid low squadron levels. Additionally, the DAC may greenlight the acquisition of six P-8I Poseidon aircraft, enhancing maritime surveillance for the Indian Navy.
This procurement is significant ahead of French President Emmanuel Macron's visit, emphasizing defence cooperation between India and France.
Not investment advice. For informational purposes only.