India to wait for the French Govt to lower the cost on Rafale deal

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India will not be tied down to a timeline on the Rafale deal and is prepared to wait it out for the French to lower the cost, sources have indicated. Sources also indicated that even in the run-up to French President Fran-cois Hollande’s visit, the Indian government had decided that it was not going to be pushed into a corner on time lines due to the presidential visit.“When you are acquiring a product, you look for the best price. Why should we set ourselves a time line,” sources said.

Speculation is already rife that while France wants about 11.5 billion euros, India wants the cost lowered to about 8 billion euros.But the development is bad news for the Indian Air Force (IAF), which desperately wants modern fighter aircraft to boost the number of fighter aircraft squadrons.

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