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:

Reuters Showcase

Adani Restructuring

Adani Restructuring

Adani says to restructure business  Full Article 

Bank of Baroda

Bank of Baroda

Q3 net profit down 69 pct on higher provisions  Full Article 

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Uber's Woes

Uber's Woes

Delhi Uber passenger who alleges driver rape sues in U.S.  Full Article 

Banking Sector

Banking Sector

Banks say no room to cut lending rates, thwarting RBI easing  Full Article 

ICICI Results

ICICI Results

ICICI sets quarterly record profit as Q3 net rises 14 pct  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut  Full Article 

Reuters India Mobile

Reuters India Mobile

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