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Posted on Feb 13, 10:29AM | UNI
New Delhi, Feb 12 : French aviation major Dassault Falcon is investing heavily in India to ''better serve its expanding customer base in the Indian subcontinent and prepare for future growth,'' a senior official of the aviation company said today.
The company which participated in the Aero India show at the Yelahanka Air Force Station in Bangalore from February 6-10, is in negotiations with India on the 12 billion dollar deal which the French aviation giant hopes to close to sell 126 Rafale jets to India this year.
However, the deal is not likely to be signed during the upcoming visit of President Francois Hollande to India, French Ambassador to India Francois Richier said.
Speaking at a panel discussion here, the Ambassador said negotiations on the Rafale aircraft were ''still going'' and ''moving smoothly.''
He, however, said there would not be any signing of agreement on this.
''It is not a surprise'' that there won't be any signing of agreement on this, the Ambassador said.