France upbeat on prospects for Rafale deal with India

PARIS Mon Feb 11, 2013 9:53am IST

A Dassault Rafale fighter jet takes off after a flying display during ceremony of the dissolution of 1/12 squadron at BA103 air base in Cambrai-Epinoy March 30, 2012. REUTERS/Pascal Rossignol

A Dassault Rafale fighter jet takes off after a flying display during ceremony of the dissolution of 1/12 squadron at BA103 air base in Cambrai-Epinoy March 30, 2012.

Credit: Reuters/Pascal Rossignol

Related Topics

Stocks

   

PARIS (Reuters) - French Foreign Minister Laurent Fabius said on Sunday that talks with India to finalise the purchase of French Rafale war planes were looking up.

India chose Dassault Aviation's (AVMD.PA) Rafale for exclusive negotiations over a year ago to supply 126 aircraft in a deal potentially worth $10 billion.

However, both sides have played down prospects that the deal would be finalised when President Francois Hollande visits India on February 14-15.

"Things seem - I'm very cautious - to be looking very positive. That's at least what the Indians say," Fabius said in an interview on BFMTV.

He added that recent talks with his Indian counterpart and subsequent contacts had gone in the right direction.

Indian Defence Minister A.K. Antony pledged on Wednesday not to let defence cuts disrupt efforts to finalise the deal.

(Reporting by Leigh Thomas; Editing by Stephen Powell)

FILED UNDER:

"India's Daughter"

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage