Dassault Rafale, tender | News & Discussions [Thread 2]

[proud indian94]

Govt seeks 134 million euro waiver from France for Rafale deal

• HT Correspondent, Hindustan Times, New Delhi|
• Updated: Aug 20, 2016 00:26 IST

In this file photo, a Dassault Rafale fighter jet takes part in a flying display during the 49th Paris Air Show.


As the NDA government inches toward closing the multi-billion euro Rafale fighter deal, New Delhi has sought a waiver from a key provision that requires India to shell out an advance guarantee.

If France accepts the Indian demand, it will result in a saving of more than euro 134 million, South Block sources said on Friday.

The deal for 36 Rafale warplanes is expected to be worth around euro 7.3 billion.

The sources said the deal was stuck as India had put its foot down on doing away with the advance guarantee clause as it was a government-to-government sale. The sources said defence minister Manohar Parrikar has conveyed the Indian position on the issue to French authorities through diplomatic channels on Thursday. It is learnt all other issues have been resolved.

Last week, Parrikar informed Lok Sabha that the team negotiating the deal to buy the French fighters, manufactured by Dassault Aviation, had submitted its final report to the government.

A favourable response from France to the Indian proposal could see the deal being sent to finance ministry in the coming days, the sources confirmed. Finance ministry clearance will pave the way for final approval by the Cabinet Committee on Security, headed by Prime Minister Narendra Modi.

The deal is crucial for the Indian Air Force which is grappling with a significant drawdown of its fighter fleet. The IAF has a 33 fighter squadrons – each consisting of 18 fighter planes, but it requires 45 combat units to counter a combined threat from China and Pakistan. The IAF admits it does not have sufficient number of warplanes to fight a two-front war.

The plan was to buy 126 fighter planes but the Centre scrapped that deal, opting to buy 36 jets in fly-away condition from France. The new deal was announced by Modi during a visit to Paris last yea

 

[randomradio]

134M euro advance guarantee would mean the contract price is 6.7B euros.

 

[PARIKRAMA]

134M euro advance guarantee would mean the contract price is 6.7B euros.

Assuming they asked for 2% BG rate and no other charges are added.. Yes the amount should be Euro 6.7 Bn or ~ $ 7.5Bn .. Thats what we all are saying , a good price for complete package

 

[[Bregs]]

now lets us wait and hope french blinks in neat future

 

[Abingdonboy]

Assuming they asked for 2% BG rate and no other charges are added.. Yes the amount should be Euro 6.7 Bn or ~ $ 7.5Bn .. Thats what we all are saying , a good price for complete package

As usual your predictions turn out to be correct bro!

Latest updates? Still looking at Q3 contract signature?

 

[randomradio]

As usual your predictions turn out to be correct bro!

Latest updates? Still looking at Q3 contract signature?

Could happen in a month also.

 

[PARIKRAMA]

As usual your predictions turn out to be correct bro!

Latest updates? Still looking at Q3 contract signature?

Finance ministry clearance note should be there to CCS in coming days so I am expecting next CCS to feature it at least. We might hear an abrupt DAC meeting and clearance so that CCS can formally clear it.
Then as I said formal agreement will be there when French team comes here. So we should see action in max next 45 days, down from 60 earlier..contract release amount will be Q3 and may be Q4.

I am guessing DM MP will be very pleased with the final package contours as the efforts of NSA Doval and DM MP will bring a strategic shift in IAF capabilities for years and decades to come.. once MII Strategic Partnership is revealed and it's done then it will be awesome.. add to it IN potential gamechanger

Oh a small news.. Dassault questioned the MOD of financial capability of Reliance Defence aerospace divison as Anil Ambani groups financial numbers are a worry. So DA wishes to have a strong partner or a solid backing of Reliance Defence company or a consortium. Murmurs are there that Tata is being looked at but it's very initial snippet. Chances are high that a government backed company or a group of company will finally get the nod.

 

[randomradio]

So we should see action in max next 45 days, down from 60 earlier..contract release amount will be Q3 and may be Q4.

The first payment should happen within 30 days of signature.

 

[[Bregs]]

Finance ministry clearance note should be there to CCS in coming days so I am expecting next CCS to feature it at least. We might hear an abrupt DAC meeting and clearance so that CCS can formally clear it.
Then as I said formal agreement will be there when French team comes here. So we should see action in max next 45 days, down from 60 earlier..contract release amount will be Q3 and may be Q4.

I am guessing DM MP will be very pleased with the final package contours as the efforts of NSA Doval and DM MP will bring a strategic shift in IAF capabilities for years and decades to come.. once MII Strategic Partnership is revealed and it's done then it will be awesome.. add to it IN potential gamechanger

Oh a small news.. Dassault questioned the MOD of financial capability of Reliance Defence aerospace divison as Anil Ambani groups financial numbers are a worry. So DA wishes to have a strong partner or a solid backing of Reliance Defence company or a consortium. Murmurs are there that Tata is being looked at but it's very initial snippet. Chances are high that a government backed company or a group of company will finally get the nod.

The ambanis are not trustable in clean deals neither the anil ambani has financial clout now wo sustain such a crucial MII project, Tatas have deeper pockets and sound ethics too as compared to Ambanis

 

[Ankit Kumar 002]

The ambanis are not trustable in clean deals neither the anil ambani has financial clout now wo sustain such a crucial MII project, Tatas have deeper pockets and sound ethics too as compared to Ambanis

Sadly

TATA<====>Boeing<=====>90 MII aircraft ...

M&M will be partnering many French firms for many programs here... would be a better partner than Reliance.

 

[Agent_47]

The government of Prime Minister Narendra Modi inches closer to securing a deal for 36 Dassault Rafale elite stealth fighter jets with France in an exchange that is expected to be worth $8.3 billion according to defense industry analysts. The final condition that the two countries must work out is a waiver provision, demanded by India, to avoid paying a deposit of $152 million to secure the contract.

Sources with India’s Hindustan Timessuggest that a deal has already been struck "as India had put its foot down on doing away with the advance guarantee clause as it was a government-to-government sale" with France trusting that the New Delhi government had more than enough reserves to back the exchange.

The newspaper’s sources indicate that India’s Defense Minister Manohar Parrikar conveyed the country’s position regarding the need to waive the deposit clause via diplomatic channels to France on Thursday. It appears that Paris did not object to the condition and no other issues existed in the deal.

The news comes after the defense minister informed Lok Sabha (the lower chamber of the Indian parliament) that a team was negotiating to buy the French fighter jets manufactured by Dassault Aviation and that the team of negotiators had submitted their final report in favor of the acquisition.

The deal will not become complete, however, until India sends an agreement-in-principle to the finance minister who must first provide clearance on any transfer of state funds. Subsequently, the deal will be sent to the Cabinet Committee on Security, headed by Prime Minister Narendra Modi where it will await final confirmation before entering into force.

http://sputniknews.com/military/201...&utm_content=bX8p&utm_campaign=URL_shortening

 

[Picdelamirand-oil]

So now it's only administrative time. Indian administrative time!

 

[[Bregs]]

So now it's only administrative time. Indian administrative time!

lol

 

[randomradio]

So now it's only administrative time. Indian administrative time!

That can be fastest in the world or slowest in the world, depending on its importance.

 

[zebra7]

The ambanis are not trustable in clean deals neither the anil ambani has financial clout now wo sustain such a crucial MII project, Tatas have deeper pockets and sound ethics too as compared to Ambanis

AGREED