India, France all set to sign Rafale-M deal on Monday; 26 jets worth Rs 63,000 crore

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India is set to sign a deal on procuring 26 Rafale-Marine (Rafale-M) fighter jets for the Indian Navy from France on Monday, that is estimated to cost around `63,000 crore, sources have said. The government-to-government deal is being signed by the Defence ministers remotely. But the signing ceremony will be presided by Defence Secretary Rajesh Kumar Singh and French ambassador Thierry Mathou. Some government-to-business agreements will be signed on Monday as well. This follows the approval by the Cabinet Committee on Security (CCS), headed by Prime Minister Narendra Modi, in early April when they gave the final nod for the...