India wants to close the multi-billion dollar deal for 36 Rafale fighter jets from Dassault Aviation as early as possible, defence minister Manohar Parrikar told DefenceAviationPost.com.

“I don’t fix timelines but I am definitely interested in finishing it as early as possible,” Parrikar said on crucial deal that will significantly improve the operational capabilities of the Indian Air Force.

Parrikar, however, said that price was an important issue. “Price is equally important. While I want the aircraft I will definitely be interested in the right price,” he said. The minister said the law ministry’s objections were being “attended to”.

The deal, sources said, is expected to be clinched at about Rs 60,000 crore. India and France had signed a Memorandum of Understanding over the purchase of 36 Rafale jets during the visit of French President Francois Hollande to India in January this year. The deliveries of the nuclear-capable multi-role Rafale jets are likely to begin in 2019. “The discussions are in the final phase of price negotiations,” said an official.

The defence ministry under Parrikar has proved to be a tough negotiator bringing the cost by a significant margin.

Parrikar had earlier said he was a “tough negotiator” and wanted the “best price” for Rafale fighter jets from France. “I am a tough negotiator. Let me save money for the nation,” Parrikar had been quoted as saying.

At least 15 per cent of the total payment will have to be made immediately, if and when the deal is signed.