India to buy 36 Rafale jets from France, announces PM Modi after talks with Francois Hollande

April 11, 2015

France, Apr 11: India will buy 36 Rafale fighter jets in flyaway condition from France "as soon as possible" after Prime Minister Narendra Modi and French President Francois Hollande on Friday night agreed to conclude an Inter-Governmental Agreement bypassing the protracted negotiations for purchase of 126 such jets.

france dealTaking Indo-French strategic relationship to a new level Modi and Hollande also decided to move ahead with the stalled Jaitapur nuclear project in Maharashtra.

"Keeping in view the critical operational necessity of fighter aircraft in India, I have asked President to provide 36 Rafale jets in fly-away condition as quickly as possible after agreements between both countries.

We both have decided that these will be provided to India in modified terms and conditions," Modi announced at a joint news conference with Hollande after their summit talks at Elysee Palace.

A joint statement issued after the talks said the two leaders agreed to conclude an Inter-Governmental Agreement for supply of the aircraft on terms that would be "better" than that conveyed as part of a separate process underway, an apparent reference to the ongoing talks that kicked off in 2012 for years for the sale of 126 Rafale fighter jets valued at 12 billion USD.

"The delivery would be in time-frame that would be compatible with the operational requirement of IAF and the aircraft and associated systems and weapons would be delivered on the same configuration as had been tested and approved by Indian Air Force and with a longer maintenance responsibility by France," it added.

With 'Make-in-India' being the theme, the two sides signed about 20 pacts, covering areas like civil nuclear energy, urban development, railways and space.

The Rafale deal has been bogged down over cost and Dassault Aviation's reluctance to stand guarantee for 108 planes to be made by state-run Hindustan Aeronautics Limited (HAL).

"Just as we are delivering the first upgraded Mirage 2000, I am delighted by the decision of the Indian authorities which gives a new impetus to our partnership for the next decades and comes within the scope of the strategic relationship gathering France and India," Eric Trappier, Chairman and CEO of Dassault Aviation said.

Earlier in the day, Modi met CEOs of Frence companies dealing with defence and they expressed interest in setting up technological and industrial projects in India.

With regard to the Jaitapur project, Modi said, "We made progress."

The joint statement said the two leaders encouraged their commercial enterprises for an early conclusion of techno-commercial discussions on the proposal for construction of six 1650 MW nuclear plants in Jaitapur with due consideration to project viability and in the framework of an ambitious partnership for large and critical components An MoU was signed between French company Areva and Larsen and Tubro "which will widen the scope of our industrial cooperation as well as the conclusion of pre-engineering studies agreement," it said.

"The two leaders also urged their atomic energy establishments to lay an ambitious foundation for the future of India-France civil nuclear cooperation, including a wide range of subjects, including in the area of civil nuclear liability," the statement said.

A pact related to pre-engineering agreements between NPCIL and AREVA was signed in connection with studies that is intended to bring clarity on all technical aspects of the plant so that all parties (AREVA, ALSTOM and NPCIL) can firm up their price and optimise all provisions for risks still included at this stage in the costs of the project.

It will also enable transfer of technology and development of indigenous nuclear energy industry in India.

France also informed India of its decision to implement a scheme for expedited 48 hours visa issuance for Indian tourists.

"There is no such sphere where India and France are not cooperating. France is among India's most valued friend," Modi said.

France also announced an investment of 2 billion euros (about USD 1 billion) in India as Modi invited French companies to pump in money in technology in the fastest growing economy.

France will invest 2 billion euros in India, Hollande announced at a CEO forum here.

Inviting French investors, Modi said, "There is no bigger market than India. It is also the fastest growing economy since the last six months. Various rating agencies like World Bank and Moodys have said in one voice that India is the fastest growing nation.

"It is rare to find a country with a market, with the government determined on development and demographic dividend.

Investors are usually worried about the security of intellectual property (IP). Only democracies like India can guarantee that," he said.

Addressing the CEOs forum, Hollande said: "We are ready to allocate through French companies 2 billion euros to support India's sustainable development." He said France will partner India in Urban development of infrastructure like railways and defence and nuclear sector

The two sides also signed an agreement in the field of space under which they will launch planetary explorations jointly.

Noting that President Hollande has supported 'Make in India' initiative especially in the defence sector, Modi said at the joint news conference that the two countries have decided that the Rafale jets will be provided to India in modified terms and conditions.

"Today, we have taken defence cooperation between India and France to new levels."

"I had very good talks with President Hollande. Our defence sector ties are old. In defence equipment and technology. France has always been a reliable supplier. From fighter jets to submarines, our ties have been foremost," he said.

Modi said that in the area of Nuclear power, France has been a major partner with India.

"I am happy that in Jaitapur, we have made progress on setting up 6 nuclear power projects. Both have signed an agreement on reducing the cost of power production and more technical support and further study.

Especially, Areva and L&T have signed an agreement for making forgings in India. I feel this agreement is very significant and will be a perfect example of 'Make in India' and will take India to a new place in the area of advance technology." he said.

Modi noted that there is a challenging atmosphere in the world and that there is turbulence in different areas due to which all are affected. "In this changing world, there are a number of uncertain questions on stability." "Terrorism is spreading and taking new shapes. This challenge is being tackled in different forms and to tackle that an extensive strategy is to be evolved. Be it Paris or Mumbai, India and France have understood each other," Modi said.

The Prime Minister said it is the responsibility of every nation to lend support in the fight against terror and not allow terror groups to take shelter and punish the terrorists as soon as possible.

France also agreed to help in the development of three smart cities in India, including Puducherry and Nagpur.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 1,2020

Kolkata, Jan 1: US-based Bangladeshi author and playwright Sharbari Zohra Ahmed feels that the people of the country of her origin are more alike than different from Indians as they were originally Hindus.

But Bangladeshis now want to forget their Hindu roots, said the author, who was born in Dhaka and moved to the United States when she was just three weeks old.

Ahmed, who is the co-writer of the Season 1 of 'Quantico', a popular American television drama thriller series starring Priyanka Chopra, rues that her identity as a Bengali is getting lost in Bangladesh due to the influence of right-wing religious groups.

"How can Bangladesh deny its Hindu heritage? We were originally Hindus. Islam came later," Ahmed said while speaking to PTI here recently.

"The British exploited us, stole from us and murdered us," she said about undivided India, adding that the colonialists destroyed the thriving Muslin industry in Dhaka.

Ahmed said the question of her belief and identity in Bangladesh, where the state religion is Islam, has prompted her to write her debut novel 'Dust Under Her Feet'.

The British exploitation of India and the country's partition based on religion has also featured in her novel in a big way.

Ahmed calls Winston Churchill, the British prime minister during World War II, a "racist".

"He took the rice from Bengal to feed his soldiers and didn't care when he was told about that.

"During my research, I learnt that two million Bengalis died in the artificial famine that was created by him. When people praise Churchill, it is like praising Hitler to the Jews. He was horrible," she said.

The author said her novel is an effort to tell the readers what actually happened.

"Great Britain owes us three trillion dollars. You have to put in inflation. Yet, they (the British) still have a colonial mentality and white colonisation is on the rise again," Ahmed, who was in the city to promote her novel, said.

The novel is based in Kolkata, then Calcutta, during World War II when American soldiers were coming to the city in large numbers.

The irony was that while these American soldiers were nice to the locals, they used to segregate the so-called "black" soldiers, the novelist said.

"Calcutta was a cosmopolitan and the rest of the world needs to know how the city's people were exploited, its treasures looted, people divided and hatred instilled in them," she said.

"Kolkata was my choice of place for my debut novel since my mother was born here. She witnessed the 'Direct Action Day' when she was a kid and was traumatised. She saw how a Hindu was killed by Muslims near her home in Park Circus area (in the city)," Ahmed said.

Direct Action Day, also known as the Great Calcutta Killings, was a massive communal riot in the city on August 16, 1946 that continued for the next few days.

Thousands of people were killed in the violence that ultimately paved the way for the partition of India.

'Dust Under Her Feet' is set in the Calcutta of the 1940s and Ahmed in her novel examines the inequities wrought by racism and colonialism.

The story is of young and lovely Yasmine Khan, a doyenne of the nightclub scene in Calcutta.

When the US sets up a large army base in the city to fight the Japanese in Burma, Yasmine spots an opportunity.

The nightclub is where Yasmine builds a family of singers, dancers, waifs and strays.

Every night, the smoke-filled club swarms with soldiers eager to watch her girls dance and sing.

Yasmine meets American soldier Lt Edward Lafaver in the club and for all her cynicism, finds herself falling helplessly for a married man who she is sure will never choose her over his wife.

Outside, the city lives in constant fear of Japanese bombardment at night. An attack and a betrayal test Yasmine's strength and sense of control and her relationship with Edward.

Ahmed teaches creative writing in the MFA program in Manhattanville College and is artist-in-residence in Sacred Heart University's graduate film and television programme.

Comments

abdullah
 - 
Wednesday, 1 Jan 2020

Is she trying to take over Shoorpanakhi Taslim Nasreen? 

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 24,2020

Jan 24: India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December.

The needle on a gauge measuring so-called animal spirits signaled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked by Bloomberg News came in stronger last month. The dial was last at the current position in August.

“Animal spirits” is a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action, and the gauge uses the three-month weighted average to smooth out volatility in the single-month numbers.

The nascent recovery would need a helping hand, with expectations building that Finance Minister Nirmala Sitharaman will provide some stimulus when she presents the budget Feb. 1. Official forecasts show the economy is set to expand at 5% in the year ending March 2020 -- the weakest pace in more than a decade.

Here are the details of the dashboard:

Business Activity

The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity. The seasonally adjusted Markit India Services PMI index climbed to 53.3 from 52.7 in November, helping post a strong end to the calendar year.

India’s manufacturing PMI also rose -- to 52.7 from 51.2 a month ago -- boosted by the fastest increase in new orders since July. A reading above 50 means expansion while anything below that signals contraction.

The uptick in business confidence was accompanied by a rise in inflationary pressures, the survey showed. That trend may keep monetary policy makers from resuming interest-rate cuts anytime soon, leaving most of the heavy-lifting to boost growth with the government.

“The relative stability in macro indicators over the past two months suggests that the worst is behind, but the recovery is likely to be prolonged,” said Teresa John, an economist at Nirmal Bang Equities Pvt. in Mumbai. “Still, sluggish growth and rising inflation indicate that India may well remain in stagflation for most of 2020.”

Exports

Exports remained a laggard, falling 1.8% in December from a year ago. The drag was mainly because of a fall in export of engineering goods, which constitute a third of India’s non-oil exports.

Capital goods imports continued to contract and was lower by 16.5% year-on-year in December after a 22% drop in November. This was the seventh consecutive month of continuous decline, underscoring the weakness in the capex cycle, according to IDFC First Bank.

Consumer Activity

Weakness in demand for passenger vehicles persisted, with local sales falling 1.2% in December from a year ago, according to the Society of Indian Automobile Manufacturers. That capped the worst yearly passenger vehicle sales on record. A Nielsen study on demand for fast-moving consumer goods showed volume growth dropped to 3.5% in the last quarter of 2019 from 3.9% in the same period of 2018.

Funding conditions held out hope, showing considerable improvement in December, according to the Citi India Financial Conditions Index. Credit growth remained tardy though, with demand for loans rising at a slower 7.1% pace from a year ago compared with a nearly 8% growth in November.

Industrial Activity

Industrial output rose for the first time in four months in November. The pick up was broad-based, led by mining, manufacturing and electricity. Mining and manufacturing, in particular, posted a second month of sequential growth. Production of consumer goods also rose after a few months of contraction.

The index of eight core infrastructure industries, which feeds into the index of industrial production, however, declined 1.5% in November from a year ago -- the fourth straight month of contraction. That was on account of shrinking production of electricity, steel, coal, natural gas and crude oil. Both the core sector and industrial output numbers are reported with a one-month lag.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 11,2020

New Delhi, Apr 11: As India battles the Covid-19 crisis, Prime Minister Narendra Modi on Saturday held a video conference with chief ministers primarily to take their feedback on whether the 21-nation-wide lockdown be extended beyond April 14 to stem the tide of the infections.

The Central government is understood to have also obtained views on the issue from all the relevant agencies and stakeholders involved in the efforts to contain the spread of the pandemic.

The video conference, which began at 11am, comes amidst indications that the central government may extend the nationwide lockdown with some possible relaxations even as Punjab and Odisha have already announced extending the lockdown beyond April 14 when the current spell of 21-day shutdown across the country ends on Tuesday.

The Union Home Ministry has sought views of state governments on various aspects, including whether more categories of people and services need to be exempted. In the current lockdown only essential services are exempted.

This is for the second time the prime minister is interacting with the chief ministers via video link after the lockdown was imposed.

During his April 2 interaction with chief ministers, Modi had pitched for a "staggered" exit from the ongoing lockdown.

A PTI tally of numbers reported by various states as on Thursday at 9.30pm showed a total of 7,510 having been affected by the virus nationwide so far with at least 251 deaths. More than 700 have been cured and discharged. However, the last update from the Union Health Ministry put the number of confirmed infections at 7,447 and the death toll at 239.

Addressing floor leaders of various parties who have representation in Parliament, Modi had on Wednesday made it clear that the lockdown cannot be lifted in one go, asserting that the priority of his government is to "save each and every life".

According to an official statement after the Wednesday interaction, the prime minister told these leaders that states, district administrations and experts have suggested extension of the lockdown to contain the spread of the virus.

Before the lockdown was announced on March 24, the prime minister had interacted with the chief ministers on March 20 to discuss ways and means to check the spread of the novel coronavirus.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.