Tuesday, October 10, 2017

Dassault plans business-jet manufacturing in India on Modi's push

Dassault Aviation SA, the French maker of Rafale fighter jets, may build its business aircraft in India, in a boost to Prime Minister Narendra Modi's push to encourage local manufacturing.

Building the FalconBSE 0.00 % 2000 planes in India would cut costs while ensuring quality and execution that meets standards, Chief Executive Officer Eric Trappier said in an interview on the sidelines of the National Business Aviation Association's annual conference in Las Vegas. The move will also give the company a competitive edge, he said, without elaborating. 

"We really want to do something which is a real industrial cooperation in India," Trappier said. "We are starting a big partnership." 

The Paris-based company wants to deepen its ties with the South Asian country after it bid for a defense contract worth $11 billion to supply 126 Rafale aircraft and eventually won an order for only 36 planes last year. India had initially agreed to buy all the 126 jets under a long-delayed deal, even mandating Dassault to build some of them locally. 
10/01/17 Thomas Black/Bloomberg/Economic Times
To Read the News in full at Source, Click the Headline


Post a Comment