Finance Minister says NDA government got Rafale jets 20% cheaper than UPA

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Initiating a sharp attack on Congress Party’s false campaign on Rafale deal Union Finance Minister Arun Jaitley on August 29 said that the present NDA government has negotiated hard to keep prices down by at least 20 percent for each aircraft as per 2016 deal, compared to that of the UPA in 2007.

Jaitley during an interview to national news agency said, “Can you compare a basic aircraft’s pricing with a loaded aircraft? Can you compare a simple aircraft with a weaponised aircraft?… If in 2012 they had come to an agreement, the first would have been delivered in 2017. From 2007 to 2017 the escalations would have gone up, along with a foreign exchange variation. So there is India specific add-ons and the foreign exchange variants. Is the Congress party aware that if you take the 2007 L1 offer and the escalation clause without the add-ons, the price negotiated in 2015-16 is cheaper?.”

While exposing the Congress party’s falsehood on the Rafale aircraft deal Jaitley further said, “Let us first come to the pricing. My question therefore is, if you are fully aware — Mr. Anthony fully read the file and abandoned the contract — he would tell his party that the L1 offer of 2007 had a basic 2007 price plus escalation plus currency variation. In 2015 or 16, this would have been 9 % costlier than what the basic aircraft price of 2016 negotiated was. Loaded to unloaded, you compare the price again. The 2016 price is 20% cheaper than the 2007 offer. So we got it cheaper.”

Jaitley further said that the Congress Party’s fake campaign on Rafale deal based on untruth has been casting a cloud on the Inter-Governmental deal and compromising national security.

Jaitley further added, “Every fact that they have said on pricing is factually false… Mr. Rahul Gandhi himself has given seven different prices in different speeches with regard to the Rafale, that is the 2007 offer. And the simple case is they have made it as if it is a kindergarten or primary school debate.”