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India is reportedly in the final stages of concluding a significant defence agreement with France to acquire 26 Rafale-M (Marine) fighter jets. The deal, estimated at $7.6 billion, equates to a per-aircraft cost of approximately $292 million.
While this price point has generated discussion, the acquisition is viewed by officials as a critical strategic investment aimed at bolstering India's maritime strength and resolving a key capability gap for its naval forces.
The requirement for these advanced naval fighters became more pronounced following the commissioning of India's first indigenously constructed aircraft carrier, INS Vikrant, on September 2, 2022.
This achievement showcased India's shipbuilding capabilities but simultaneously highlighted the pressing need for sufficient carrier-compatible aircraft to operate from its decks. The planned procurement of the Rafale-M fighters is intended directly to address this shortfall.
Currently, the Indian Navy operates a fleet of Russian-origin MiG-29K and MiG-29KUB fighter jets. This fleet, originally 45 strong but reduced to 41 due to attrition, serves aboard both INS Vikrant and India's other carrier, INS Vikramaditya. Naval planners consider this number insufficient to effectively equip two operational aircraft carriers simultaneously.
Furthermore, the operational readiness of the existing MiG-29K fleet has reportedly been impacted by persistent issues, including challenges related to reliability, extensive maintenance requirements, and engine performance.
These factors have underscored the need for a modern, reliable carrier-borne fighter platform. Consequently, India initiated formal negotiations with France in July 2023 for the 26 Rafale-M jets, specifically designed for carrier operations.
Sources suggest that discussions covering the final cost and comprehensive after-sales support packages are now almost complete. The formal signing of the agreement is anticipated shortly.
Following the contract's finalisation, deliveries are expected to commence within 48 months, with the full squadron of 26 Rafale-M aircraft projected to be inducted into the Indian Navy by 2031, significantly enhancing the operational effectiveness of INS Vikrant and India's overall naval aviation capabilities.