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NEW DELHI, Sept. 23 (Xinhua) -- India Friday formally signed a deal with France for purchase of 36 Rafale fighter jets, officials said.

The deal was signed in New Delhi by India's Defence Minister Manohar Parrikar and his French counterpart Jean-Yves Le Drian.

"India and France signed the deal for 36 Rafale jets," Parrikar wrote on twitter after finalizing the deal. "Rafale will significantly improve India's strike and defence capabilities."

Drain arrived in New Delhi on Thursday accompanied by CEOs of Dassault Aviation, Thales and MBDA to seal the multi-billion dollar deal for 36 Rafale fighter jets.

The aircraft will be equipped with latest missiles and weapon system.

Defense officials believe the purchase of Rafale jets would bolster country's military image in the region and help modernize Indian military's ageing fleet of combat aircrafts.

Indian government signed a memorandum of understanding in January this year with government of France for purchase of 36 Rafale aircraft.

The procurement of Rafale jets was first initiated in 2012. Indian government then intended to buy 126 fighter jets, however the purchase faced delays and hurdles during the past four years over the cost and assembly of the planes in India.

Finally the procurement was scaled down to 36 aircrafts.

India for upgrading its military arsenal depends on imports from countries like Russia, US, France and Israel. In the recent years it has become the world's largest importer of weapons. However, procurement of weapons and placing orders usually takes a long time.

India's official broadcaster All India Radio (AIR) said one of the features that make Rafale a strategic weapon is its Beyond Visual Range (BVR) Meteor air-to-air missile with a range in excess of 150 km.

The delivery of this aircraft will start in 36 months and will be completed in 66 months from the date of signing the contract, officials said.

DUNHUANG, April 24, 2016 (Xinhua) -- Tourists walk under the moon on the Mingsha Mountain in Dunhuang City, northwest China's Gansu Province, April 24, 2016. (XinhuaZhang Xiaoliang)

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BEIJING, March 27 (Xinhua) -- Profit growth at China's state-owned enterprises (SOEs) accelerated in the first two months of the year as the economy continued to improve, official data showed Monday.

SOEs made combined profits of 301.86 billion yuan (43.75 billion U.S. dollars) for January-February, up 40.3 percent from the same period a year ago, the Ministry of Finance said in a statement on its website.

This compared with an increase of 1.7 percent for the whole year of 2016 and a 14.2-percent decline registered in the same two months of 2016.

SOEs owned by the central government posted an annual profit rise of 23.7 percent in the first two months, while those owned by local governments soared 164.2 percent during the period.

The companies' combined revenue climbed 17.8 percent year on year to 7.24 trillion yuan while their operating costs rose 17 percent to 7.05 trillion yuan in the first two months.

The ministry said transport, electronics and light industries enjoyed relatively large profit growth, while firms in the machinery and . Cheap Jerseys Wholesale Cheap Jerseys Online Cheap Womens Jerseys Cheap Womens NFL Jerseys Cheap College Jerseys Wholesale Jerseys Wholesale Soccer Shirts China Wholesale Shirts Wholesale Hats Wholesale MLB Jerseys

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