India’s Rs 90,000 Crore Deals: Strengthening Defense With 26 Rafale M Aircraft And 3 Scorpene Submarines
- As China becomes more assertive in the Pacific area, this trip will also be used to make strategic ties with Asia and other Western countries in order to stop that.
- Trade between India and France is worth EUR 10.7 billion, and more than 1,000 French companies make more than $20 billion in sales each year.
From July 14 to 16, Prime Minister Narendra Modi will go to France on a state visit to strengthen economic and military ties between India and France and to strengthen strategic ties between the European Union and India. Modi’s trip to France comes just a few weeks after his first trip to the US, where he was given a state dinner at the White House. During Prime Minister Modi’s visit, some of the most important things that were talked about were arms deals, investing in semiconductors, and working together more in space.
Top points to know ahead of Prime Minister Narendra Modi’s France visit:
1. One of the most important parts of this trip is the deal to buy 26 Rafale M planes and three more Scorpene subs for more than Rs 90,000 crore.
2. The deals include 26 Rafale M planes, of which 22 are single-seat trainers and 4 are double-seat trainers.
3. The three extra submarines will be a part of the Scorpene deal, which is part of the Ministry of Defense’s Project 75 to buy diesel-electric submarines for the Indian Navy. Top government sources were quoted by India Today as saying this.
4. Before the deals are revealed in France, they will be put before the Defense Acquisition Council (DAC) in the next few days.
5. The defense deals worth billions of dollars that will be signed and made public during the Prime Minister’s future visit.
6. Prime Minister Modi will be the Guest of Honor at the Bastille Day celebrations in France. He will be welcomed by French President Emmanuel Macron. The annual Bastille Day military parade will also include troops from India.
7. After Dr. Manmohan Singh in 2009, PM Modi will be the second Indian prime minister to get a red-carpet welcome at the Bastille Day parade.
8. As China becomes more assertive in the Pacific area, this trip will also be used to make strategic ties with Asia and other Western countries in order to stop that.
9. Trade between India and France is worth EUR 10.7 billion, and more than 1,000 French companies make more than $20 billion in sales each year. There are 210 Indian companies that do business in France, and they have invested EUR 1 billion.
10. France is the 11th biggest foreign investor in India. From April 2000 to September 2022, France will have invested a total of $10,389 million in FDI.
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