The Prague Post - France's Macron eyes fighter jet deal in India

EUR -
AED 4.202414
AFN 73.234648
ALL 93.94534
AMD 420.679135
ANG 2.048746
AOA 1049.891271
ARS 1708.316969
AUD 1.651217
AWG 2.062589
AZN 1.948912
BAM 1.955703
BBD 2.305386
BDT 141.133
BGN 1.934863
BHD 0.431579
BIF 3404.631133
BMD 1.144293
BND 1.477127
BOB 7.926607
BRL 5.915774
BSD 1.144643
BTN 109.047591
BWP 15.438234
BYN 3.321035
BYR 22428.147579
BZD 2.302086
CAD 1.624839
CDF 2570.082927
CHF 0.916597
CLF 0.026912
CLP 1059.177465
CNY 7.768723
CNH 7.764608
COP 3849.009092
CRC 521.474135
CUC 1.144293
CUP 30.323771
CVE 110.259531
CZK 24.195741
DJF 203.82989
DKK 7.478638
DOP 67.806637
DZD 152.604431
EGP 56.395203
ERN 17.164399
ETB 183.546696
FJD 2.586617
FKP 0.856955
GBP 0.854556
GEL 3.015225
GGP 0.856955
GHS 13.003355
GIP 0.856955
GMD 82.962963
GNF 10038.502097
GTQ 8.735567
GYD 239.428125
HKD 8.97658
HNL 30.63648
HRK 7.538035
HTG 149.712574
HUF 353.483867
IDR 20590.870346
ILS 3.431335
IMP 0.856955
INR 108.954451
IQD 1499.425629
IRR 1574490.289046
ISK 144.089783
JEP 0.856955
JMD 181.201013
JOD 0.81129
JPY 184.648901
KES 148.002659
KGS 100.065813
KHR 4583.772648
KMF 493.190359
KPW 1029.86432
KRW 1749.366875
KWD 0.355063
KYD 0.953953
KZT 541.303152
LAK 25845.718069
LBP 102500.516042
LKR 383.390984
LRD 207.749696
LSL 18.566079
LTL 3.3788
LVL 0.692172
LYD 7.336636
MAD 10.704169
MDL 20.134001
MGA 4852.759306
MKD 61.631943
MMK 2402.882317
MNT 4099.027451
MOP 9.246541
MRU 45.681734
MUR 53.838679
MVR 17.690605
MWK 1984.90155
MXN 19.989772
MYR 4.658456
MZN 73.131954
NAD 18.566079
NGN 1567.773639
NIO 42.117911
NOK 11.260973
NPR 174.476346
NZD 2.003841
OMR 0.441358
PAB 1.144643
PEN 3.894907
PGK 5.028751
PHP 70.375146
PKR 318.232516
PLN 4.293445
PYG 6959.654806
QAR 4.184292
RON 5.227137
RSD 117.371178
RUB 88.095631
RWF 1675.716886
SAR 4.297707
SBD 9.221334
SCR 15.409236
SDG 687.148732
SEK 11.051652
SGD 1.477743
SHP 0.85433
SLE 27.863888
SLL 23995.261369
SOS 654.167554
SRD 42.986493
STD 23684.559828
STN 24.498785
SVC 10.015503
SYP 126.481133
SZL 18.563079
THB 38.133591
TJS 10.610574
TMT 4.016469
TND 3.378232
TOP 2.755184
TRY 53.515737
TTD 7.757615
TWD 36.546404
TZS 3005.850912
UAH 50.978472
UGX 4177.792784
USD 1.144293
UYU 46.037717
UZS 13712.319878
VES 731.092695
VND 30090.335139
VUV 136.092615
WST 3.173331
XAF 655.924467
XAG 0.018332
XAU 0.000274
XCD 3.092509
XCG 2.062898
XDR 0.81576
XOF 655.924467
XPF 119.331742
YER 271.255012
ZAR 18.573595
ZMK 10300.011738
ZMW 21.031957
ZWL 368.461958
  • CMSC

    0.0400

    21.99

    +0.18%

  • RELX

    0.5500

    31.93

    +1.72%

  • RBGPF

    2.5400

    68.15

    +3.73%

  • VOD

    0.1400

    13.15

    +1.06%

  • CMSD

    -0.0300

    22.15

    -0.14%

  • GSK

    2.3600

    53.66

    +4.4%

  • NGG

    2.6700

    82.85

    +3.22%

  • BCC

    0.4500

    75.93

    +0.59%

  • RIO

    1.0700

    94.42

    +1.13%

  • RYCEF

    0.5400

    19.68

    +2.74%

  • JRI

    0.0600

    13

    +0.46%

  • BCE

    0.4000

    21.42

    +1.87%

  • AZN

    11.2900

    195.15

    +5.79%

  • BTI

    1.2100

    61.77

    +1.96%

  • BP

    1.2500

    37.4

    +3.34%

France's Macron eyes fighter jet deal in India
France's Macron eyes fighter jet deal in India / Photo: Ludovic MARIN - 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.

E.Cerny--TPP