India has issued a Letter of Request (LoR) to France for a government-to-government (G2G) deal worth ₹3.25 lakh crore to procure 114 Rafale fighter jets for the Indian Air Force (IAF).
Under this agreement, 94 of these aircraft will be manufactured in India by Dassault Aviation in collaboration with an Indian partner. The first Rafale-M jets are expected to be delivered by 2028.