(NSI News Source Info) TORONTO, Canada - February 18, 2012: India today virtually ruled out a rethink on its decision in the multi-billion dollar combat aircraft deal saying it has already started negotiating the contract with French firm Dassault Aviation in this regard.
On January 31, India had announced that the French Rafale fighter jet has emerged as the lowest bidder in the deal for procuring 126 combat aircraft for the Indian Air Force (IAF) edging out its European rival EADS consortium's Eurofighter Typhoon.
"Already the Contract Negotiations Committee (CNC) has started for the procurement of Rafale," Defence Minister A K Antony said here.
The Minister was asked to comment on British Prime Minister David Cameron's statement that he would ask India to rethink its decision on the deal and buy the Eurofighter Typhoon.
The CNC is formed by the Ministry to negotiate the final price of the equipment offered by the vendors.
Antony warned the officials and vendors involved in the process against indulging in any wrongdoing saying "everybody should be careful.... Nobody can corrupt India system. We will not tolerate this."
He said the contract negotiations take place for over six months and after that the deal will have to pass through eight stages.
http://defense-technologynews.blogspot.com/2012/02/dtn-news-india-defense-news-india-says.html
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