The Fort Worth Press - France's Macron eyes fighter jet deal in India

USD -
AED 3.672504
AFN 63.502065
ALL 83.129935
AMD 367.929695
ANG 1.790403
AOA 917.510825
ARS 1479.001976
AUD 1.449171
AWG 1.80125
AZN 1.703002
BAM 1.724577
BBD 2.013888
BDT 122.992813
BGN 1.69088
BHD 0.377147
BIF 2984.81535
BMD 1
BND 1.298984
BOB 6.909809
BRL 5.212501
BSD 0.999934
BTN 94.624111
BWP 13.680173
BYN 2.818068
BYR 19600
BZD 2.01104
CAD 1.42306
CDF 2269.000078
CHF 0.812397
CLF 0.023341
CLP 918.649878
CNY 6.7905
CNH 6.81377
COP 3446.19
CRC 455.186766
CUC 1
CUP 26.5
CVE 97.22259
CZK 21.3314
DJF 177.720414
DKK 6.5809
DOP 58.613453
DZD 133.491532
EGP 49.606497
ERN 15
ETB 158.649909
EUR 0.880397
FJD 2.26715
FKP 0.758197
GBP 0.75975
GEL 2.640017
GGP 0.758197
GHS 11.199781
GIP 0.758197
GMD 72.495399
GNF 8761.518452
GTQ 7.627362
GYD 209.162776
HKD 7.839898
HNL 26.7202
HRK 6.633503
HTG 130.744947
HUF 313.043501
IDR 17967
ILS 2.987899
IMP 0.758197
INR 94.47035
IQD 1310
IRR 1375050.00053
ISK 126.949859
JEP 0.758197
JMD 157.488647
JOD 0.708979
JPY 161.762995
KES 129.529453
KGS 87.450149
KHR 4017.494974
KMF 433.999843
KPW 900.00035
KRW 1542.304285
KWD 0.30949
KYD 0.833297
KZT 486.623047
LAK 22065.000091
LBP 89549.999851
LKR 337.341005
LRD 182.250303
LSL 16.590249
LTL 2.95274
LVL 0.60489
LYD 6.405016
MAD 9.415501
MDL 17.709096
MGA 4224.999805
MKD 54.277663
MMK 2099.539901
MNT 3580.066416
MOP 8.076099
MRU 40.069821
MUR 48.210313
MVR 15.449856
MWK 1736.999969
MXN 17.60321
MYR 4.137983
MZN 63.909993
NAD 16.589831
NGN 1373.859715
NIO 36.610486
NOK 9.83597
NPR 151.394749
NZD 1.770852
OMR 0.384501
PAB 0.999965
PEN 3.421971
PGK 4.38325
PHP 61.409505
PKR 278.049549
PLN 3.77355
PYG 6099.351442
QAR 3.644965
RON 4.609596
RSD 103.362977
RUB 74.875012
RWF 1466
SAR 3.741267
SBD 8.051953
SCR 14.699001
SDG 599.999684
SEK 9.74879
SGD 1.297495
SHP 0.746601
SLE 24.803112
SLL 20969.503664
SOS 571.501729
SRD 37.459634
STD 20697.981008
STN 21.675
SVC 8.749173
SYP 110.532098
SZL 16.590069
THB 33.430162
TJS 9.284423
TMT 3.5
TND 2.937498
TOP 2.40776
TRY 46.49367
TTD 6.780184
TWD 31.815897
TZS 2620.57021
UAH 44.88455
UGX 3689.350352
UYU 39.918699
UZS 12015.000302
VES 620.752985
VND 26335
VUV 118.798432
WST 2.761642
XAF 578.424923
XAG 0.017413
XAU 0.00025
XCD 2.70255
XCG 1.802141
XDR 0.716966
XOF 573.000468
XPF 105.498209
YER 238.624983
ZAR 16.558699
ZMK 9001.197731
ZMW 18.024056
ZWL 321.999592
  • NGG

    1.2600

    82.83

    +1.52%

  • BCE

    0.1600

    23.2

    +0.69%

  • JRI

    -0.0600

    12.57

    -0.48%

  • CMSD

    0.0600

    22.02

    +0.27%

  • BCC

    5.8600

    77.66

    +7.55%

  • CMSC

    -0.0450

    22.065

    -0.2%

  • RIO

    -1.5500

    94.03

    -1.65%

  • BTI

    0.6500

    61.39

    +1.06%

  • RYCEF

    -0.4700

    18.16

    -2.59%

  • GSK

    -0.9800

    51.09

    -1.92%

  • RBGPF

    0.9600

    61.3

    +1.57%

  • VOD

    -0.2400

    13.81

    -1.74%

  • RELX

    -0.0600

    31.15

    -0.19%

  • AZN

    2.0000

    183.02

    +1.09%

  • BP

    -1.4700

    37.86

    -3.88%

France's Macron eyes fighter jet deal in India
France's Macron eyes fighter jet deal in India / Photo: © AFP

France's Macron eyes fighter jet deal in India

French President Emmanuel Macron begins a three-day visit to India on Tuesday, with talks focused on artificial intelligence cooperation and a potential multibillion dollar Dassault Rafale fighter jet deal.

Text size:

France is seeking to expand its military partnership with New Delhi, with discussions expected on a potential contract for 114 additional French fighter jets.

Macron and his wife Brigitte arrived around midnight on Monday in Mumbai, India's financial capital, for his fourth visit to India since taking office in 2017.

He is scheduled to meet Prime Minister Narendra Modi later on Tuesday.

Macron will then travel to New Delhi for an artificial intelligence summit on Wednesday and Thursday.

The visit follows New Delhi's confirmation last week that it intends to place a major order for Rafale jets, as well as the signing of a landmark free trade agreement between India and the European Union in January.

- 'Contract of the century' -

New Delhi has sought over the past decade to reduce its dependence on Russia, its traditional main supplier of military equipment, turning to other countries while also pushing for more domestic production.

An Indian defence ministry statement last week said the proposed purchase of Rafale jets had been cleared -- with "the majority" of them to be manufactured in India.

The statement did not specify the exact number of jets New Delhi would purchase, but a New Delhi defence ministry source said that 114 was likely.

Christophe Jaffrelot, an India specialist at Sciences Po Center for International Studies in Paris, described the potential €30 billion ($35 billion) deal for 114 Rafales as the "contract of the century" and a potential "crowning achievement" for bilateral ties.

If finalised, the jets would add to the 36 Rafales India purchased for its air force in 2016 and 26 it has ordered for its navy.

Negotiations over the additional aircraft still need to be concluded with manufacturer Dassault Aviation, but the French presidency has voiced optimism that what it calls a "historic" agreement could be reached.

- 'Good chemistry' -

Modi and Macron will also inaugurate on Tuesday India's first helicopter final assembly line via videoconference from Mumbai, a joint venture between India's Tata Group and Airbus.

The facility in Vemagal, in the southern state of Karnataka near the tech hub of Bengaluru, will manufacture the Airbus H125, the company's best-selling single-engine helicopter.

France has emerged as one of India's most important defence and economic partners in the last decade.

"Through this visit, we seek to further strengthen cooperation" with India, and to "diversify" France's economic and trade partnerships, Macron's office said.

India, the world's most populous country with 1.4 billion people, is on track to become the fourth-largest economy globally.

This week's talks are also expected to address global economic uncertainty triggered by tariff policies under US President Donald Trump, as well as China's influence in the region.

Modi’s office said discussions would focus on "cementing the strategic partnership and further diversifying it into new and emerging areas".

Bilateral trade between France and India, driven largely by defence and aerospace -- India's commercial fleet includes a substantial number of Airbus aircraft -- stands at around €15 billion ($18 billion) annually.

French foreign direct investment in India totals nearly €13 billion ($15 billion).

The two leaders will also be keen to nurture close personal ties.

"There is apparently a good chemistry, a good personal rapport," Jaffrelot said.

One sensitive issue remains Ukraine: India has not condemned Russia's 2022 invasion and has continued buying oil from Moscow.

US President Donald Trump has said India had committed to halting the purchases, though that has not been formally confirmed by New Delhi.

"If the Indians stop buying Russian oil, they won't be blamed for abstaining at the UN," Jaffrelot added.

P.Navarro--TFWP