India finalizes Letter of Request for Rafale deal
after close1 source ↓written by the desknot a recommendation
- from France
- 114 Rafale fighters
- valued at approximately
- ₹3.25 lakh crore
India has finalized the Letter of Request (LoR) for acquiring 114 Rafale fighters from France, valued at approximately ₹3.25 lakh crore. The LoR is expected to be sent to France in the coming weeks, initiating the major defense acquisition process. Nearly 90 jets will be manufactured in India under the Make-in-India initiative, enhancing local defense capabilities.
This deal is significant for the defense sector and may boost sentiment in related industries as it underscores India's commitment to strengthening its military capabilities.
Not investment advice. For informational purposes only.