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Indian MRCA competition - Wikipedia

The Medium Multi-Role Combat Aircraft (MMRCA) competition in India, also known as the MRCA tender, was a competition to supply 126 multi-role combat aircraft to the Indian Air Force (IAF). The Defence Ministry had allocated ₹ 55,000 crore (US$7.7 billion) at 2008 prices for the purchase of these aircraft, making it India's single largest defence deal. ...…

Rafale Deal: India has €185 million bank guarantee on offset

Nov 16, 2018 · India may have managed to get just a ‘letter of comfort’ from France on the contract for 36 Rafale fighter jets, but it had secured a €185 million bank guarantee from Dassault as a safeguard against any violations of the offset policy, people familiar with the deal said. A special clause in the deal, which mandated that 5% of the total offset value be kept as a buffer in case of non ...…

Is there any scam in the Rafale deal? - Quora

* In 2007, a tender for purchase of 126 jets was opened under the UPA government. In 2012, IAF selected Rafale. * The INC has said the cost of one jet to be Rs. 526.1 crore [around $82 million] under the deal it negotiated [sums up to around Rs. ...…