In the ongoing negotiation with the French government, India is yet to respond to the latest offer by France in the government-to-government deal for 36 Rafale fighter jets, reports The Indian Express.
Days before the offer was made, the French government had refused to provide a bank guarantee in the deal. India has signed a Memorandum of Understanding (MoU) to buy 36 Rafale aircrafts form France.
The latest offer made through French Defence Minister Jean-Yves Le Drian is 7.8 billion euro as against the initial offer of 10.5 billion euro, The Indian Express reports, citing sources.
The Indian Law Ministry has objected to France’s refusal to provide bank guarantee, the report claims.
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