According to the french newspaper Le Monde, India is negotiating to buy 63 Rafale fighter jets which are made in France for 7.2 billion euros ($7.65 billion).

“The discussions went on through the night and were still going on this morning,” Le Monde quoted.

“The idea is to announce the contract during Indian Prime Minister Narendra Modi’s visit to Paris on Friday or Saturday, it added.

“It’s correct that discussions are under way, but a contract announcement is a bit of hype,” said one Indian official.

The Prime Minister Narendra Modi is in France for a two-day state visit and the idea was to announce the contract during the Prime Minister’s visit to the France capital.