India, France sign deal on purchase of Rafale jets
Apart from inking IGA for purchase of Rafale jets, the two countries signed 13 agreements cutting across a wide variety of sectors including railways, culture, space, science and technology and on counter-terrorism and security.
However, the final deal is yet to be sealed as both sides are still negotiating the price which is estimated to be about Rs 60,0000 million ($8,855 million). A high-level team from France is in Delhi and carrying out last minute negotiations.
Apart from defense cooperation, the talks between the two leaders focused on ways to boost counter-terrorism cooperation in the aftermath of attack in Paris in November last and Pathankot terror strikes earlier this month.
The two sides resolved to step up their joint effort to counter violent extremism and radicalization, disrupt recruitment, terrorist movements and flow of foreign terrorist fighters, stop sources of terrorist financing, dismantle terrorist infrastructure and prevent supply of arms to terrorists.
Stressing that terrorism cannot be justified under any circumstance, regardless of its motivation, wherever and by whomsoever it is committed, Modi and Hollande pitched for decisive actions to be taken against Lashkar-e-Tayibba (LeT), Jaish-e-Mohammad (JeM), Hizb-ul-Mujahideen, Haqqani Network and other terrorist groups such as Al Qaeda.
In pursuance of the 2008 civil nuclear pact, the two leaders encouraged their industrial companies to conclude techno-commercial negotiations by the end of 2016 for the construction of six nuclear power reactor units at Jaitapur.
The negotiations will consider cost viability of the project, economical financing from the French side, collaboration on transfer of technology and cost-effective localization of manufacturing in India for large and critical components in accord with Government of India’s “Make in India” initiative.
Describing his visit as “outstanding and exceptional”, Hollande said it was an honour for France and him to be chief guest at the Republic Day.