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In India, French President Pushes $12B Jet Deal

Feb. 14, 2013 - 07:37AM   |  
By AGENCE FRANCE-PRESSE   |   Comments
French President Francois Hollande (left) and Indian Prime Minister Manmohan Singh shake hands Feb. 14 after members of their delegation signed several bilateral agreements in New Delhi. Hollande embarked on a fresh push to clinch a $12-billion sale of Rafale fighter jets as he held talks in India on his first visit to Asia since taking office.
French President Francois Hollande (left) and Indian Prime Minister Manmohan Singh shake hands Feb. 14 after members of their delegation signed several bilateral agreements in New Delhi. Hollande embarked on a fresh push to clinch a $12-billion sale of Rafale fighter jets as he held talks in India on his first visit to Asia since taking office. (Raveendran / AFP)
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NEW DELHI — French President Francois Hollande made a fresh push Thursday to clinch the world’s biggest defense deal, the $12 billion sale of 126 warplanes to India, during his first visit to Asia since taking office.

The Socialist president was accompanied by a high-powered delegation of five ministers, including Foreign Minister Laurent Fabius and Defense Minister Jean-Yves Le Drian. The two-day visit by politicians and business leaders began in New Delhi and will see the delegation head south to India’s financial capital, Mumbai, on Friday.

Speaking in English after being accorded a red carpet reception and gun salute at the residence of his Indian counterpart, Pranab Mukherjee, Hollande said it was “a great honor for me and for France to visit India”.

“I am sure that this visit will see our relationship at the best level we can hope,” Hollande said. “We come from a great partnership, India and France, and we must always improve the relationship between our two countries.

“India is a great democracy, the biggest democracy of the world, a country which is developing, and France must be with you in this challenge.”

The trip is Hollande’s first to Asia since taking office in May, and both Indian and French officials say the mission underscores the importance France attaches to ties with the world’s second-fastest-growing major economy.

“Our relations are growing fast in all sectors... in economic, industrial and commercial spheres,” an Indian foreign ministry official said, while cautioning against expecting any big-bang announcements from Hollande’s visit.

Hollande is accompanied by a large contingent of French business leaders, including Dassault Chief Executive Eric Trappier, whose company is hoping to seal a deal to sell 126 Rafale warplanes to India in the world’s biggest defense contract currently under negotiation. The contract, which India’s air force chief said last week could be signed by the middle of the year, will feature prominently in Hollande’s talks with Indian Prime Minister Manmohan Singh, which followed his meeting with Mukherjee.

In a welcome showcase for Dassault, the jets have been deployed during the lightning offensive in Mali, the French-led military campaign to drive out Islamists from the African nation’s northern territory. India last year chose the French firm for exclusive negotiations to equip its air force with new fighters and while New Delhi says the discussions are “proceeding smoothly,” it has already said the contract will not be signed during Hollande’s visit as it is being fine-tuned.

Paris will have to “wait a little” to pop the bubbly, Indian foreign minister Salman Khurshid advised last week.

Another major project for discussion is a contract for Areva to build a 9,900-megawatt nuclear power plant in the western coastal state of Maharashtra. The $9.3-billion framework agreement was signed during a visit to India in 2010 by Hollande’s predecessor, Nicolas Sarkozy.

But the project has run into stiff opposition from environmentalists concerned about seismic activity in the area and fears about the safety of nuclear power following the Fukushima nuclear disaster in Japan.

India said this week it is “fully committed” to the French-assisted Jaitapur nuclear plant but conceded there are “issues pertaining to cost.”

In an editorial on Thursday, The Times of India said that France “is arguably India’s longest standing all-weather friend, save Russia” but said it was too rooted in trade rather than a partnership of equals. “This is indeed a good time to move the engagement from one that is still tactical and transactional to one that is more strategic and sustainable,” said the paper.

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