17/05/2015 9:03 AM IST | Updated 15/07/2016 8:25 AM IST

French Rafale Team Arrives To Negotiate Deal With Defence Ministry

A Rafale jet fighter performs a demonstration flight in Merignac near Bordeaux, southwestern France, Wednesday, March 4, 2015. Egypt will become the first foreign buyer of Rafale fighter jets, purchasing 24 of the multi-role French-made aircraft as part of a 5.2 billion-euro (US$5.93 billion) defense deal that will strengthen Cairo's military might in a tense and violent region. (AP Photo/Bob Edme)

PANAJI — French team constituted to negotiate the Rafale deal has arrived in India and talks can start anytime now, Defence Minister Manohar Parrikar said today as he described the agreement as "one of the bold initiatives" of the Modi government.

Parrikar said India has constituted a committee headed by Air Marshal SBP Sinha to hold negotiations with the French team.

"The negotiations on Rafale deal can start anytime from now. Indian government has already formed a committee headed by Air Marshal Sinha. The team from France already arrived in India on May 12 to start the negotiations," he told reporters.

India is to buy 36 Rafale fighter jets in flyaway condition from France after Prime Minister Narendra Modi and French President Francois Hollande last month agreed to conclude an Inter-Governmental Agreement bypassing the protracted negotiations for purchase of 126 such jets.

The two countries had decided to form committees to take forward the negotiations. "The signing of agreement for Rafale purchase was one of the bold decisions taken by the government. We signed the deal for better price, better than earlier," he said.

A joint statement issued after Modi-Hollande talks had said the two leaders agreed to conclude an Inter-Governmental Agreement for supply of the aircraft on terms that would be "better" than that conveyed as part of a separate process underway.

It was an apparent reference to the talks that kicked off in 2012 for the sale of 126 Rafale fighter jets for $12 billion. The deal had been bogged down over cost and Dassault Aviation's reluctance to stand guarantee for 108 planes to be made by state-run Hindustan Aeronautics Limited (HAL).

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