MMRCA deal “Moving Slowly” towards conclusion.

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India’s procurement of 126 Dassault Rafale fighteraircraft to meet the Indian Air Force’s (IAF’s) longstanding Medium Multi-Role Combat Aircraft (MMRCA) requirement is slowly moving towards a conclusion under India’s newly installed BJP government, official and industry sources told IHS Jane’s .

“The Rafale negotiations are entering their last lap and could be concluded over the next 6-8 months” military analyst Air Marshal V K Bhatia (retd) said on 8 July.”It is likely to be signed sooner than later as a significant portion of contract negotiations have been completed,” he added.

Official sources said two of four sub-committees negotiating the Rafale contract since early 2012, one on offset obligations of 50% of the final contract value and the other on maintenance support to sustain the fighters for 40 years, have recently submitted their reports to the Ministry of Defence (MoD).

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