India set to finalize €6 billion Rafale-M deal with France by late 2024

India is on track to finalize a major defence agreement with France, aimed at acquiring 26 Rafale-M fighter jets for its Navy by late 2024. The Defence Acquisition Council, led by Defence Minister Rajnath Singh, is expected to soon approve the deal, which is valued at approximately €6 billion. 

India is nearing the completion of a substantial defence deal with France to procure 26 Rafale-M fighter jets for its Navy, with the final agreement anticipated by the end of 2024. The contract, valued at around €6 billion, is set to be confirmed by the Defence Acquisition Council, led by Defense Minister Rajnath Singh, Caliber.Az reports per foreign media.

This deal signifies India's commitment to strengthening its naval air power. The Rafale-M jets, optimized for carrier-based operations, are expected to significantly upgrade the Indian Navy’s maritime defence capabilities. Featuring advanced radar systems, superior weaponry, and exceptional agility, these aircraft align with India's strategic goal to enhance its naval force and ensure robust maritime security.

The acquisition is part of a broader initiative to modernize India’s naval forces amid rising geopolitical tensions in the Indian Ocean, particularly in response to China's expanding naval fleet. The Rafale-M jets will be deployed on the INS Vikrant, India's new aircraft carrier, which became fully operational in 2023. These versatile jets are designed for air superiority, reconnaissance, and maritime strike missions, broadening the Indian Navy’s operational range and effectiveness.

The selection of the Rafale-M follows an extensive evaluation process where it outperformed competitors like the Boeing F/A-18 Super Hornet and the Russian MiG-29K. Its proven combat record, advanced technology, and ease of integration with existing systems contributed to its selection.

The deal also underscores the deepening defence ties between India and France, building on previous successful collaborations, including the 2016 purchase of 36 Rafale jets for the Indian Air Force. The Rafale-M is renowned for its carrier-based capabilities, advanced radar and sensor systems, and versatile armament options, making it a formidable addition to the Indian Navy’s fleet.