Wednesday, October 05, 2016

Dassault Reliance Aerospace expects a windfall from Indo-France Rafale deal

Dassault Reliance Aerospace, the joint venture formed by Reliance Aerospace and France-based Dassault Aviation, is expected to be the major beneficiary of the agreement signed by India to acquire 36 Rafale fighter aircrafts from France. The agreement includes a 50-percent offset obligation which is the largest ever offset contract in the history of India.

“The joint venture will be a key player in the execution of offset obligations, as a part of the 36 Rafale fighter jets purchase agreement at a value of Euro 7.87 billion, or about Rs 59,000 crore signed between France and India on September 23, 2016,” said Reliance Aerospace, a part of Anil Ambani-promoted Reliance Infrastructure Limited, in a press release.

Yesterday, Reliance Aerospace formed a joint venture with France’s Dassault Aviation, the manufacturer of Rafale fighter aircraft, to develop major Indian programs with high levels of technology transfer to benefit the entire aerospace sector. Dassault Aviation, a subsidiary of Dassault Group, is an aircraft manufacturer of military, regional, and business jets.

The proposed strategic partnership between Dassault and Reliance will also focus on promoting research and development projects under the IDDM program (Indigenously Designed, Developed and Manufactured), a new initiative of India’s Defence Ministry.
04/10/16 Business Standard
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