India, France to sign €7.87 billion Rafale deal on September 23

India is all set to sign the final deal for the purchase of the much-anticipated contract with France for 36 Rafale fighter jets on September 23, reports said.

According to PTI,  a French working team is in New Delhi to analyse the finer details of the contracts for the  €7.87 billion deal. The French team has come with its own translators in order to help them with the agreement, the report said.

The government has firmed up the cost, offsets and service details related to the fighter deal.

Once work on the Inter-Governmental Agreement is completed, it will go to the Cabinet Committee on Security (CCS), headed by the Prime Minister for final clearance. After getting the Cabinet approval, a high-level French delegation is expected to arrive in India to sign the final contract, PTI reported. French Defence Minister Jean-Yves Le Drian is expected to head the delegation.

The deal for 36 Rafale fighter jets is inclusive of the aircraft, spares, support, training and weapons package. India is expected to purchase one of the most advanced, next-generation, beyond-visual-range, air-to-air missile Meteor from MBDA.

The Meteor is a formidable missile that can travel at over Mach-4 speed. It can take on targets that are over 100 km away.

According to NDTV, the Meteor missile is a "game changer" as it outsmarts India's rivals Pakistan and China. Both these countries currently do not possess missiles of the same class.

The missile is comparable to the U.S. Air Force Raytheon's AIM-120D Advanced Medium-Range, Air-to-Air Missile.

Apart from the Meteor missile, the deal will include the Israeli helmet-mounted display. Once the final contract for 36 Rafale deal is inked, the delivery of the aircraft will begin only in 2019.

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