"The French firm Dassault Rafale has emerged as the L-1 (lowest bidder) and cheaper than its European rival EADS (maker of Eurofighter) in the tender and will be offered to supply the aircraft to the IAF."
French company Dassault Rafale today qualified to bag India's contract for supplying 126 combat ac for the IAF.
Dassault Rafale as the lowest bidder, is likely to get the contract under India's Defence Procurement Procedure. Further negotiations are likely to move with Dassault in this deal.
The TOI Report: Indian MMRA Competition Declares Dassault Rafale as L1
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