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OCTOBER 2016 ISSUE

Dassault Aviation Announces a JV with Reliance Group
 
Dassault Aviation Announces a JV with Reliance Group

Dassault Aviation chairman & CEO Eric Trappier and Reliance Group chairman Anil Dhirubhai Ambani announced the creation of a joint venture called ‘Dassault Reliance Aerospace’ on 3 October 2016 to support Prime Minister Modi’s ‘Make in India’ and ‘Skill India’ initiatives.

The ‘Dassault Reliance Aerospace’ will be a key player in the execution of offset obligations as a part of the 36 Rafale fighters contract worth Euro 7.87 billion, or about Rs 59,000 crore. The Rafale contract includes a 50 per cent offset obligation which is the largest ever offset contract in the history of India. The proposed JV will also focus on promoting research and development under the IDDM (Indigenously Designed, Developed and Manufactured) clause of the new Defence Procurement Procedure.

“The formation of this joint venture with Reliance Aerospace… illustrates our strong commitment to establish ourselves in India and to develop strategic industrial partnerships under the ‘Make in India’ policy promoted by the Indian government”, said Eric Trappier. Added Anil Ambani, “We are delighted to partner a world leader in aviation like Dassault Aviation, and a visionary leader like Eric Trappier. This is a transformational moment for the Indian aerospace sector and for Reliance Infrastructure’s subsidiary Reliance Aerospace”.

 
 


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