Correspondent, New Delhi
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Apr 8, 2013
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India’s $15 billion Rafale deal faces delays: sources

NEW DELHI (Reuters) – India’s plan to buy 126 fighter-jets from Dassault Aviation (AVMD.PA: Quote, Profile, Research, Stock Buzz) could be delayed as the two sides struggle to reach an agreement over the role of state-run Hindustan Aeronautics Ltd (HAL), two sources familiar with the matter said.

India picked the Dassault-made Rafale jet for exclusive negotiations in January 2012 after a hotly contested bidding war with rival manufacturers, but it is still to finalize the $15 billion deal, one of the world’s largest defense import orders.

    • About Anurag

      "Anurag covers money, politics and general news based in New Delhi. He joined Reuters in 2008 in Bangalore and covered U.S.-based companies for a little over two years. In the Indian capital, he covered the dynamic Indian aviation industry before moving to his current role. Born and brought up in the beautiful town of Jorhat in Assam, Anurag loves cricket, Bollywood and is a social media addict. When he’s not chasing high-flying CEOs and bureaucrats, Anurag likes to unwind with films and Assamese poetry."
      Joined Reuters:
      2008
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