EconomyLens.com
No Result
View All Result
Thursday, June 5, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

India says signs deal with France for 26 Rafale fighter jets

Emma Reilly by Emma Reilly
April 29, 2025
in Business
Reading Time: 6 mins read
A A
0
28
SHARES
344
VIEWS
Share on FacebookShare on Twitter

Indian Air Force (IAF) personnel stand in front of a Rafale fighter jet . ©AFP

New Delhi (AFP) – India has signed a contract to purchase 26 Rafale fighter jets from France, New Delhi’s defence ministry said Monday. The multi-billion-dollar deal will include both single and twin-seat planes. When delivered, these jets would join the 36 French-made Rafale fighters already acquired by New Delhi as part of its efforts to rapidly modernise its military hardware.

Related

Executive bonuses banned at six UK water companies over pollution

Restaurants strike on popular Greek tourist island over beach clampdown

Dr Martens seeks more stability after new profit slide

TotalEnergies on trial in landmark greenwashing case in France

Czechs sign nuclear deal with S.Korea firm KHNP: PM

“The governments of India and France have signed an inter-governmental agreement for the procurement of 26 Rafale Aircraft,” the defence ministry stated. The jets, made by French aerospace company Dassault Aviation, are expected to operate from Indian-made aircraft carriers, replacing the Russian MiG-29K jets. “It includes training, simulator, associated equipment, weapons, and performance-based logistics,” as well as 22 single-seater and four twin-seater jets, said India’s defence ministry. Additionally, it includes extra equipment for the existing Rafale fleet of the Indian Air Force (IAF).

The Indian government announced its intention to procure 26 Rafales in 2023, when Prime Minister Narendra Modi visited France for the Bastille Day celebrations. Despite historical ties with Russia as its key supplier for military equipment, India has diversified in recent years with key purchases from France, as well as from the United States and Israel. Dassault stated that the jets will provide India with “state-of-the-art capabilities” and an “active role in guaranteeing national sovereignty and consolidating India’s role as a major international player.” India’s navy is the first user outside France of the Rafale Marine jet, according to the company.

– Tensions with Pakistan –

Monday’s deal comes as India’s relations with arch-rival Pakistan plummet to fresh lows. New Delhi has accused Pakistan of backing the deadliest attack on civilians in Indian-administered Kashmir since 2000—claims that Islamabad denies. The two countries have exchanged gunfire, diplomatic barbs, expelled each other’s citizens, and closed their borders since the April 22 attack, which resulted in 26 fatalities. Analysts indicate there is a serious risk of this crisis escalating into military confrontation.

The earlier contract for 36 Rafale aircraft, agreed in 2016, was worth approximately $9.4 billion. Many global arms suppliers view the world’s most populous nation—and fifth-largest economy—as a key market. India has become the world’s largest arms importer, with purchases steadily rising to account for nearly 10 percent of all imports globally between 2019 and 2023, according to the Stockholm International Peace Research Institute (SIPRI).

India is also attentive to its northern neighbor, China, particularly since a deadly clash between their troops in 2020. This event sparked a wave of defence reforms in the country, leading to new contracts with foreign suppliers and simplified laws to promote domestic manufacturing and co-production of critical military hardware. In this decade, India has opened a vast new helicopter factory, launched its first homemade aircraft carrier, and conducted a successful long-range hypersonic missile test.

This focus on defence has fostered a growing arms export market, which reached sales of $2.63 billion last year. While this is still a small amount compared to established players, it marks a 30-fold increase over the past decade. India has deepened its defence cooperation with Western countries in recent years, including within the Quad alliance with the United States, Japan, and Australia.

© 2024 AFP

Tags: defenseIndiamilitary
Share11Tweet7Share2Pin3Send
Previous Post

Foreign carmakers strive for ‘China Speed’ to stay in race

Next Post

Massive blackout hits Spain and Portugal

Emma Reilly

Emma Reilly

Related Posts

Business

As Tesla stalls across Europe, sales rise in Norway

June 2, 2025
Business

Amazon price rules anti-competitive: German regulator

June 2, 2025
Business

Jonathan Anderson named Dior’s first men’s and women’s designer

June 2, 2025
Business

Indian airline IndiGo orders 30 Airbus A350 widebody planes

June 1, 2025
Business

Ecuador apologizes to farm workers deemed to live like slaves

June 1, 2025
Business

‘The Matrix is everywhere’: cinema bets on immersion

May 31, 2025
Next Post

Massive blackout hits Spain and Portugal

Stock markets mostly higher amid trade talk hopes

Empty shelves? US Treasury secretary not concerned 'at present'

Amazon launches first Starlink-rival internet satellites

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Asian markets wobble as Trump-Xi talks offset by Musk row

June 5, 2025

Trump and Musk alliance melts down in blazing public row

June 5, 2025

Executive bonuses banned at six UK water companies over pollution

June 5, 2025

Norway adopts tourist tax to combat overtourism

June 5, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.