An integrated facility will be commissioned by the Reliance Anil Dhirubhai Ambani Group and its French partner Dassault in Nagpur in the next few months for the execution of offset contracts of the just-concluded deal for 36 French fighters. A significant part of the whopping Rs. 30,000 crore offsets would be executed through the joint venture, Dassault Reliance Aerospace.
According to industry sources, the new facility will come up in the Reliance Special Economic Zone (SEZ) in Nagpur, and it would be fully operational within the next 12 months.
Four French companies which have a major stake in the Rafale deal — Dassault Aviation, Thales, Safran and MBDA — will execute offsets worth about Rs. 30,000 crore as per their share. The Dassault-Reliance JV will only execute a part of the offsets because some of the investments have to be done in DRDO for technology development.
Last month India and France concluded a €7.87-billion deal for 36 Rafale multi-role fighter jets in a fly-away condition but it has a 50 percent offset clause under which that contract value has be invested and sourced from India.
24/10/16 Dinakar Peri/The Hindu
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According to industry sources, the new facility will come up in the Reliance Special Economic Zone (SEZ) in Nagpur, and it would be fully operational within the next 12 months.
Four French companies which have a major stake in the Rafale deal — Dassault Aviation, Thales, Safran and MBDA — will execute offsets worth about Rs. 30,000 crore as per their share. The Dassault-Reliance JV will only execute a part of the offsets because some of the investments have to be done in DRDO for technology development.
Last month India and France concluded a €7.87-billion deal for 36 Rafale multi-role fighter jets in a fly-away condition but it has a 50 percent offset clause under which that contract value has be invested and sourced from India.
24/10/16 Dinakar Peri/The Hindu
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