Published: 23 Dec 2021 08:17 am
Updated: 23 Dec 2021 08:17 am
Published: 23 Dec 2021 08:17 AM
Last Updated: 23 Dec 2021 08:17 AM
New Delhi: An agreement was reached with a French company to supply state-of-the-art aircraft to the Indian Army. The supply of Rafale fighter jets and their components is a key provision of this agreement. But to the French company for failing to deliver the spare parts in a timely manner as per the contract Federal Ministry of Defense It has been fined 10 lakh euros (approximately Rs 8.53 crore).
The Raphael fighter jets are manufactured by the French company Tasso Aviation. The contract stipulates that the fitting missiles must be supplied by the MPDA.
The contract was signed in September 2016. Accordingly 36 Rafale fighter aircraft were to be supplied. The deal is worth Rs 59,000 crore. 50% of the total value as part of the contract is to be invested in India. To the MBDA for non-compliance with these regulations during 2019-20 Federal Ministry of Defense Fined.
The MPDA has paid this fine. However, the Defense Ministry said it had registered a protest. MPDA has not commented on this. The first batch of Rafale fighter jets arrived in India in July last year as part of the deal.
A report filed by the Chief Audit Officer (CAG) in this regard pointed out that Tasso and MPDA had not complied with the terms of the agreement.
The CAG report was tabled in Parliament yesterday. Tasso and MPDA should have invested 30 per cent in it. Or the relevant technology should have been provided to the DRDO.