India, France ink intergovernmental pact sealing Rs 64,000 cr deal to procure 26 Rafale jets
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New Delhi (PTI): India and France on Monday inked an intergovernmental agreement to procure 26 naval variants of Rafale fighter jets at a cost of around Rs 64,000 crore for the Indian Navy.
The pact provides for setting up of a production facility for Rafale fuselage as well as maintenance, repair and overhaul facilities for aircraft engines, sensors and weapons in India, according to the defence ministry.
The agreement will also facilitate the transfer of technology for the integration of indigenous weapons in India, it said without elaborating.
The ministry said the delivery of the aircraft would be completed by 2030, with the crew undergoing training in France and India.
India is procuring the jets for deployment on board aircraft carrier INS Vikrant.
Manufactured by French defence major Dassault Aviation, the Rafale-Marine is a carrier-borne combat-ready aircraft with proven operational capabilities in the maritime environment.
The sealing of the mega deal came three weeks after the Cabinet Committee on Security (CCS) headed by Prime Minister Narendra Modi cleared the procurement.
Under the terms of reference, the delivery of the jets will have to start around five years after the signing of the contract.
In July 2023, the defence ministry accorded the initial approval for the mega acquisition following a series of deliberations and evaluation tests of the platform.
Under the deal, the Indian Navy will also get associated ancillary equipment including weapon systems and spares from Dassault Aviation.
The defence ministry said that the Rafale-Marine has commonality with the Rafale being operated by the Indian Air Force (IAF).
"Its procurement will substantially enhance joint operational capability, besides optimising training and logistics for the aircraft for both Indian Navy and IAF," it said in a statement.
"The induction would lead to the addition of a potent force multiplier to the Indian Navy's aircraft carriers, substantially boosting the nation's air power at sea," it said
The intergovernmental pact has been signed by Defence Minister Rajnath Singh and France's Minister of Armed Forces Sebastien Lecornu.
The signed copies of the agreement, aircraft package supply protocol and weapons package supply protocol were exchanged by Indian and French officials, the defence ministry said.
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Drug peddler's property worth Rs 1 crore attached in Srinagar
Srinagar (PTI): Property worth Rs 1 crore belonging to a notorious drug peddler was on Saturday attached in Jammu and Kashmir's Srinagar, police said.
A double-storey house on eight marlas of land situated at Wantpora Eidgah, belonging to Basit Bilal Dar, a notorious drug peddler, valued at approximately Rs 1 crore, a police spokesperson said.
He said Dar is involved in two cases registered under various sections of the NDPS Act.
During investigation, it was established that the accused had acquired the said property through illicit proceeds generated from drug trafficking activities, the spokesperson said.
Consequently, the property was attached under the provisions of the NDPS Act. The attachment proceedings were conducted in the presence of the two independent witnesses, strictly in accordance with the prescribed legal procedures, he said.
As per the attachment order, the owner has been restrained from selling, leasing, transferring, altering, or creating any third-party interest in the property till further orders, the spokesperson added.
