Wednesday, September 17, 2014

Dassault chief to be here to discuss delay in MMRCA deal

New Delhi: The Chief of French firm Dassault Aviation, which has been selected for supplying 126 multirole combat aircraft to the IAF, will be here later this week to meet top Defence Ministry officials to discuss delays in finalisation of the multi-billion dollar contract.

The firm was selected two years back by India for supplying 126 Rafale medium-multirole combat aircraft to the Air Force.

The firm's CEO Eric Trippier is scheduled to meet top Defence Ministry officials to discuss issues related to finalisation of the much-delayed contract, sources said here.

India and the French firm have been discussing the deal for over two years.

The negotiations have lately slowed down over some issues, including the imposition of liquidity damages or penalties for any delays in the supply of the aircraft to be manufactured in the country.
17/09/14 PTI/Business Standard
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