According to the reports in media, the Cabinet Committee on Security has approved the deal with France for purchase of 36 Rafale fighter jets.
The deal will cost 7.87 billion euros, after tough negotiation from the Indian side which led to delay in finalisation of the deal, which includes weapons and spares apart from 36 jets in flyaway condition.
This also includes air-to-air Meteor missiles.
The deal also has a 50 per cent offset clause, which will bring investments to India.
In 2012, India decided to ink a deal for 126 Rafale jets.
