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ACQUISITIONS & MERGES
RAFALE PACT CONCLUDED, BUT NO DEAL YET ON PRICE
February 5, 2016
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1.India and France on Monday signed 14 agreements, including an intergovernmental agreement for the purchase of Rafale fighter jets, nuclear reactors, French railway locomotives and a major commitment to counterterror cooperation.

2.However, while the much-speculated-about Rafale agreement was inked, the financial component of the deal is yet to be finalised, Prime Minister Narendra Modi and French President Francois Hollande disclosed at the end of their three-hour talks here

3.At least three of the 14 agreements signed by India and France on Monday were on expanding space collaboration.

4.The Indian Space Research Organisation and its French counterpart CNES (National Centre for Space Studies) agreed to work together in the next Mars mission, as well as a satellite launch and a thermal infrared observation mission. Under the ‘Make in India’ banner, India and France signed a deal that will allow French industrial major Alstom to make 800 high horse power locomotives in India. The locomotives are expected to be made in the electric locomotives factory in Madhepura, Bihar.