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France submits Rs 3.25 lakh crore proposal to supply 114 Rafale jets to India

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France has formally submitted a detailed proposal to supply 114 Rafale fighter jets to India, valuing the deal at approximately Rs 3.25 lakh crore. Of the total jets, 94 are proposed to be manufactured domestically under India's Make-in-India initiative. The Indian government is currently reviewing the proposal to assess its compatibility with indigenous missile systems. Authorities are hopeful that the agreement will be finalized before the end of this year.

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