India, France sign MoU on Rafale fighter jets

India and France have signed an agreement on the long-delayed purchase of 36 French Rafale fighter jets but have yet to reach a deal on financial issues, the leaders of both countries said on Monday.

“We are very happy that we have formed an agreement for purchase of 36 Rafale aircraft with France,” Modi said at a joint address with French President Francois Hollande after 13 agreements including the Rafale MoU were signed.

In a joint statement the two leaders welcomed “the conclusion of the Inter-governmental Agreement (IGA) on the acquisition of 36 Rafale fighter aircrafts in flyaway condition, except for some financial issues”. The statement did not specify what those issues were, but said both had agreed they should be resolved “as soon as possible”.

“We will resolve the financial aspects soon,” Modi said.

(with news agency inputs)