Price Escalations

Manish tiwari ji 2 Mon, 31 Oct 2016

Price Escalations

Shri Manish Tewari said we would like to ask the Government Is it true that when the UPA left, the non-negotiated price of the Rafale was in the range of Rs. 715 Crore an Aircraft and what has been negotiated today for the 36 Aircrafts in a Fly-Away condition is Rs. 1600 Crore per Aircraft which is 123% escalation?

Is it really an inter governmental agreement on the lines of the United States Foreign military Sales Agreement or is it an agreement between the Government of India and the Company with the French Government only providing a Comfort Letter
because there has been a .lot of comment in the papers that it is really an agreement between India and the Company and what the French had given or the French Government has given, is only a comfort letter? Saturday, 24th September, 2016