Air Force Chief Says $22 Billion French Fighter Rafale Jet Deal Almost Done

New Delhi: The air force chief has said the  conclusion of a $22 billion fighter jet deal with French company Dassault Aviation is imminent after missed deadlines and delays.

Air Chief Marshal Arup Raha told a newspaper that the military cannot afford any more hold ups of the 2012 deal to supply 126 French-made Rafale fighters.

He aid a deadline for finalisation of the deal had not been set but added "it's going to happen soon."

He also appeared to throw cold water on attempts to re-enter the race for the giant contract by by a European consortium that makes the Eurofighter, a rival to the Rafale.

"It will not be appropriate to make any changes in the process," he said in an interview with the Hindustan Times published on Wednesday. (Read the Hindustan Times article here)

"The current government has set the pace of work and things are moving fast enough on the fighter deal."

Dassault won the right in 2012 to enter exclusive negotiations with India to supply 126 fighters after lodging a lower bid than Eurofighter for a tender with an estimated value of $12 billion.

Those negotiations have since been delayed, prompting Britain to raise the contract with Prime Minister Narendra Modi's government in July, holding out hope for the Eurofighter.

The Modi government, which swept to power in May, has pledged to streamline and speed up a major modernisation of the country's military, and has lifted a cap on foreign investment in defence. (Read more...)

India's defence procurement has traditionally been an opaque business, marred by postponements and repeated re-negotiations over cost.