New Delhi: A senior Russian official has hinted that India could cancel the results of the Medium Multi-Role Combat Aircraft (MMRCA) tender and refloat it.
A report in the The Hindu newspaper quoted Russian Defense Ministry spokesman Vyacheslav Dzirkaln as saying that India and France had failed to reach agreement on crucial issues including technology transfer and financial terms.
Dzirkaln indicated that Russia would bid again if the tender was refloated. The Russian MiG-35 fighter had been eliminated in the early stages of the MMRCA competition.
French company Dassault Aviation's Rafale had won the $10.4 billion deal to supply 126 MMRCA to the Indian Air Force (IAF)....more
10:46 AM, Aug 22, 2012