India to finalize ₹3.25 lakh crore Rafale deal by March 2024
pre-market1 source ↓machine-written, see hownot a recommendation
- deal for 114
- ₹3.25 lakh crore
- Rafale fleet
- 176 aircraft
India is set to finalize a ₹3.25 lakh crore deal for 114 Rafale fighter jets with France by the end of the current financial year, according to Air Chief Marshal A P Singh. This acquisition aims to enhance the Indian Air Force's capabilities significantly, increasing its Rafale fleet to 176 aircraft.
The deal marks India's largest defense acquisition push, with price negotiations currently underway. Immediate market implications may arise in the defense sector as the agreement progresses.
Not investment advice. For informational purposes only.