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The Economic Times

Global Business / The Economic Times

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India issues request to France for 114 Rafale jets under Rs 3.25 lakh crore deal

India has initiated the process to acquire 114 Rafale fighter jets from France. A letter of request has been sent, paving the way for price negotiations. The deal, valued at 3.25 lakh crore, includes technology transfer. A significant portion of these jets will be manufactured in India, boosting local production capabilities and aiming for substantial indigenous content.

1 Jun 2026 11:58 pm