The China Mail - France's Macron eyes fighter jet deal in India

USD -
AED 3.672497
AFN 65.476996
ALL 80.624983
AMD 364.974259
ANG 1.789783
AOA 917.999692
ARS 1491.741104
AUD 1.415168
AWG 1.80125
AZN 1.701624
BAM 1.695131
BBD 2.013772
BDT 122.727568
BGN 1.696366
BHD 0.377013
BIF 2989.30472
BMD 1
BND 1.279707
BOB 11.723256
BRL 5.1822
BSD 0.999822
BTN 95.377802
BWP 13.458947
BYN 3.007007
BYR 19600
BZD 2.01086
CAD 1.39104
CDF 2273.000038
CHF 0.813602
CLF 0.023234
CLP 914.439757
CNY 6.743203
CNH 6.74494
COP 3125.47
CRC 448.949346
CUC 1
CUP 26.5
CVE 95.568479
CZK 20.982202
DJF 178.045684
DKK 6.47703
DOP 58.519421
DZD 132.928959
EGP 50.180797
ERN 15
ETB 159.950519
EUR 0.86641
FJD 2.21345
FKP 0.740977
GBP 0.740675
GEL 2.610111
GGP 0.740977
GHS 11.128686
GIP 0.740977
GMD 73.507249
GNF 8783.265513
GTQ 7.627971
GYD 209.1829
HKD 7.84673
HNL 26.864959
HRK 6.528501
HTG 130.780532
HUF 314.866498
IDR 17819.3
ILS 2.95937
IMP 0.740977
INR 95.438198
IQD 1310.5
IRR 1374587.501968
ISK 123.1974
JEP 0.740977
JMD 158.180975
JOD 0.70897
JPY 159.192006
KES 129.209874
KGS 87.449726
KHR 4046.698677
KMF 427.000133
KPW 900.000294
KRW 1414.934982
KWD 0.30876
KYD 0.833243
KZT 465.286595
LAK 22558.404583
LBP 89534.106716
LKR 333.288554
LRD 181.477003
LSL 16.129242
LTL 2.95274
LVL 0.60489
LYD 6.368494
MAD 9.261251
MDL 17.356486
MGA 4305.000212
MKD 53.324955
MMK 2099.413896
MNT 3597.332522
MOP 8.081473
MRU 40.066389
MUR 47.110158
MVR 15.450097
MWK 1733.741837
MXN 17.029504
MYR 4.083098
MZN 63.909717
NAD 16.129242
NGN 1362.719669
NIO 36.792109
NOK 9.489865
NPR 152.601176
NZD 1.704145
OMR 0.384502
PAB 0.999848
PEN 3.373009
PGK 4.402496
PHP 61.3645
PKR 277.775001
PLN 3.73456
PYG 5967.212831
QAR 3.643501
RON 4.541897
RSD 101.634987
RUB 83.076123
RWF 1469
SAR 3.753929
SBD 8.048583
SCR 13.910203
SDG 600.497914
SEK 9.549399
SGD 1.27971
SHP 0.740866
SLE 24.498131
SLL 20969.499227
SOS 571.496016
SRD 37.7225
STD 20697.981008
STN 21.425
SVC 8.748445
SYP 13001.999906
SZL 16.133575
THB 33.175497
TJS 9.23879
TMT 3.51
TND 2.934994
TOP 2.40776
TRY 47.885201
TTD 6.780175
TWD 32.007396
TZS 2645.774976
UAH 44.693081
UGX 3712.16225
UYU 40.060498
UZS 11950.000135
VES 770.1091
VND 26100.5
VUV 118.611996
WST 2.733656
XAF 568.516344
XAG 0.015585
XAU 0.000231
XCD 2.70255
XCG 1.801951
XDR 0.707052
XOF 568.504905
XPF 103.824971
YER 237.197941
ZAR 16.195635
ZMK 9001.202229
ZMW 18.797263
ZWL 321.999592
  • RBGPF

    -0.8200

    71.34

    -1.15%

  • CMSC

    0.0250

    21.475

    +0.12%

  • BTI

    1.5100

    57.35

    +2.63%

  • GSK

    0.1500

    50.45

    +0.3%

  • RELX

    0.1200

    34.67

    +0.35%

  • RYCEF

    -0.3900

    20.71

    -1.88%

  • NGG

    0.5200

    81.2

    +0.64%

  • RIO

    -3.0200

    98.2

    -3.08%

  • CMSD

    0.0000

    21.59

    0%

  • BCE

    0.1900

    23.32

    +0.81%

  • AZN

    -1.2600

    157.24

    -0.8%

  • JRI

    -0.0300

    12.68

    -0.24%

  • BCC

    -0.1200

    84.13

    -0.14%

  • VOD

    0.1300

    16.22

    +0.8%

  • BP

    -0.1000

    42.83

    -0.23%

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.

D.Pan--ThChM