x Abu Dhabi, UAESaturday 22 July 2017

Major fighter jet deal, trade dominate Hollande's India trip

French president Francois Hollande's visit to India this week is dominated by trade issues, including a lucrative deal for Rafale fighter jets, nuclear energy and potential tie-ups for new metro lines.

PARIS // French president Francois Hollande's visit to India this week is dominated by trade issues, including a lucrative deal for Rafale fighter jets, nuclear energy and potential tie-ups for new metro lines.

Mr Hollande will be accompanied by five ministers including foreign minister Laurent Fabius and defence minister Jean-Yves Le Drian. The chiefs of more than 60 top French companies will also join him for the two-day trip starting tomorrow.

Both Indian and French officials have underscored the importance of the trip. India's ambassador to Paris, Rakesh Sood, stressed that Mr Hollande had chosen the emerging Asian superpower for his first visit outside Europe and French-speaking Africa since taking office.

A French official said the trip was aimed at buttressing the "strategic Indo-French partnership launched 15 years ago".

Top of the agenda is a giant deal that France's Dassault Aviation hopes to close to sell 126 Rafale jets to India for Dh44 billion this year, although it will not be inked during the trip.

"Things are moving very fast and we hope that a contract will be finalised as soon as possible but it will not take place during this visit," a French diplomatic source said.

India's air chief NAK Browne said he hoped the deal would be signed by June. "We want it to happen as early as possible for induction soon," he added.

Dassault chief executive Eric Trappier has confirmed that Indian negotiators had detailed their needs for an additional 63 planes over the initial order for 126 aircraft.