Mumbai: The French aircraft manufacturer Dassault and Anil Ambani Group promoted Reliance Aerospace laid the foundation stone for the ₹6,500-crore Dhirubai Ambani Aerospace Park (DAAP) at MIHAN in Nagpur. Dassault will be investing about €100 million in the facility.
The investment is being regarded as one of the largest FDI in the defence sector.
A joint venture Dassault Reliance Aerospace Ltd (DRAL) will manage the DAAP and make parts for the Rafale fighter jets and Falcon business aircraft.
DRAL was set up as a part of Dassault's offset obligations for the ₹58,000-crore deal to supply 36 Rafale fighter jets to Indian defence forces. The French companies offset obligation is worth about ₹30,000 crore. The facility is coming up at MIHAN.
MIHAN is being developed by Maharashtra Government for the last 10 years as destination for the aviation industry.
Boeing has developed a MRO hanger for Air India and TAL Manufacturing Solutions Ltd of the Tata Group also has a facility at MIHAN. The DAAP will be spread over 289 acres.
DRAL will also manufacture components for the Legacy Falcon 2000 series of civil jets.
27/10/17 Business Line
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The investment is being regarded as one of the largest FDI in the defence sector.
A joint venture Dassault Reliance Aerospace Ltd (DRAL) will manage the DAAP and make parts for the Rafale fighter jets and Falcon business aircraft.
DRAL was set up as a part of Dassault's offset obligations for the ₹58,000-crore deal to supply 36 Rafale fighter jets to Indian defence forces. The French companies offset obligation is worth about ₹30,000 crore. The facility is coming up at MIHAN.
MIHAN is being developed by Maharashtra Government for the last 10 years as destination for the aviation industry.
Boeing has developed a MRO hanger for Air India and TAL Manufacturing Solutions Ltd of the Tata Group also has a facility at MIHAN. The DAAP will be spread over 289 acres.
DRAL will also manufacture components for the Legacy Falcon 2000 series of civil jets.
27/10/17 Business Line
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