India to purchase $8.8 bn French Rafale

NEW DELHI: India signed a formal agreement Friday to buy 36 Rafale fighter jets from France’s D-assault for a reported $8.8 billion, one of its biggest defence deals in decades.

India’s Defence Minister Manohar Parrikar and his French counterpart Jean-Yves Le Drian signed the agreement at a ceremony in New Delhi after years of tortuous negotiations between the two countries.

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