An Indo-French proposed joint venture expected to be worth around Rs 30,000 crore to develop short range air defence missiles seems to have run into rough weather as Indian Air Force feels that its requirements could be met by indigenous Akash surface-to-air missile weapon system.
France has asked India for early finalisation of the long-pending Rs 30,000-crore project for joint production of short-range surface-to-air missile (SR-SAM) systems.
Suspense over the multi-billion dollar Rafale fighter plane deal continued on Friday as French Ambassador Francois Richier said a "complex negotiation" is going on, just two days ahead of the visit of his President Francois Hollande to India.
IAF officers say they are keen to serve justice quickly and make an example of those found guilty of operational lapses.
The missile positioned at launch pad-3 of the ITR swung in to action after getting signal from the radars to intercept a moving aerial target supported by an unmanned air vehicle (UAV) 'Banshee' over the Bay of Bengal, officials said.
'Make in India' will be central to Mr Modi's visit to Europe and Canada. It is difficult to predict what will happen with the Rafale deal, but if it goes through, it will undoubtedly become the 'Mother' of all 'Make in India' projects,' says Claude Arpi.
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