Eric Trappier, Chairman and CEO of Dassault Aviation, the manufacturer of French Rafale fighter aircraft, will be visiting India for senior level meetings. He is expected to meet officials in the PMO, Defence Ministry, External Affairs Minister Jaishankar, and other senior defense officials. This visit is significant as it follows Prime Minister Modi's visit to France in July, where discussions were held for the sale of 26 Rafale aircraft for the Indian Navy. The Indian expectation is that the cost of these naval aircraft should not exceed Rs 20,000 crore or Euro 2.2 Bn. However, the French projected cost is above 3Bn or Rs 30,000 crore, a premium that cannot be justified given the high commonality between the air and naval versions.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bo5ZQcg
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