India to buy 36 Rafale Jets


India's much-negotiated deal with France for 36 fighter jets is final - it will buy the French-made Rafale planes for 8.8 billion dollars, Indian media reports.

The agreement is to be signed within three weeks and it will take at least 18 months for India to get the first lot of aircraft.

France initially sought nearly 12 billion dollars for the sale of 36 fighters complete with weapon systems. India has closed the deal nearly 3 billion dollars below France's asking price.