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| ShinMaywa US-2 Amphibious Aircraft (Image: Wiki Commons) |
By: Vivek Raghuvanshi
NEW DELHI — The first-ever defense deal between India and Japan is back on track after two years as Japan has offered a price concession for the purchase of 12 US-2 amphibious aircraft for the Indian Navy, according to an official with the Indian Ministry of Defence (MoD).
"Japan has offered a price concession of more than 10 percent per aircraft from $133 million per aircraft to around $113 million, and the $1.35 billion government to government deal for US-2 amphibious aircraft is now ready for finalization," the official said, speaking on condition of anonymity
Shortly after coming to power in mid-2014 and during his first overseas visit to Japan, Indian Prime Minister Narendra Modi announced his wish to buy US-2 amphibious aircraft, made by ShinMaywa of Japan, for the Indian Navy.
However, negotiations suffered as the Japanese refused to lower the quoted price of $133 million per aircraft.
Japanese Embassy diplomats here were unavailable for comment.
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