Tuesday, May 07, 2013

Impossible to set time frame for MMRCA deal: Antony


New Delhi: Union Defence Minister A K Antony on Monday said it was not possible to set a  time frame for signing the much-awaited deal for the Medium Multi Role Combat Aircraft (MMRCA) with French company Dassault Aviation.
The contract, said to be worth nearly Rs 1lakh crore, is still at the negotiation stage, a year-and-a-half after the French firm emerged as the lowest bidder in the tender which was floated in August 2007.
“Given the complexity of the proposal, no definite time frame can be fixed at this stage (for signing the deal),” Antony said in a written reply in Parliament.
“The proposal for procurement of the 126 Medium Multi Role Combat Aircraft is currently at the stage of commercial discussions with the L1 vendor, Dassault Aviation and hence the terms and conditions for purchase including the delivery schedule are yet to be finalised,” he said.
07/05/13 New Indian Express