Reliance Group, Dassault Aviation Form JV For Rafale Offsets

  • Our Bureau
  • 10:18 AM, February 16, 2017
  • 10698
Reliance Group, Dassault Aviation Form JV For Rafale Offsets
Anil Ambani, Chairman - Reliance Group and Eric Trappier, Chairman - Dassault Aviation, at Aero India 2017 after the announcement of incorporation of new JV.

Reliance Infrastructure (RInfra)-promoted Reliance Aerostructure and Dassault Aviation have formed Joint Venture known as 'Dassault Reliance Aerospace Limited'.

Eric Trappier, Chairman of Dassault Aviation France, will be the Chairman, and Anil D Ambani, Chairman of Reliance Group, will be the Co-Chairman of Dassault Reliance Aerospace Limited DRAL.

Reliance Aerostructure (RAL) will have 51% shareholding in the JV, while Dassault Aviation (DA) will hold 49%.

On 23 September 2016, India and France signed a purchase agreement for supply of 36 Rafale fighter jets at a value of €7.87 billion, or about Rs.60,000 crore.

The contract includes a 50% offset obligation to the tune of approximately Rs. 30,000 crore, which is the largest ever offset contract in the history of India. DRAL will be a key player in the execution of offset obligations.

DRAL has finalized the Infrastructure requirements at Dhirubhai Aerospace Park at Mihan, Nagpur and the construction work for the greenfield facility will start in May 2017, and production by end-2017.

DRAL will execute the programs in phases, with Phase I resulting in the generation of more than 700 highly-skilled direct jobs and 2,800 indirect jobs.

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), an initiative of Indian Defence Minister Manohar Parrikar. 

Also Read

Reliance Defence To Repair US Navy Warships

February 13, 2017 @ 11:40 AM

Reliance Wins $134 Million To Design, Construct 14 Patrol Vessels For Indian

January 30, 2017 @ 02:05 PM

Indian Regulator Approves Reliance-Dassault Joint Venture

January 28, 2017 @ 08:51 AM

India's Reliance Defence To Manufacture Kalashnikov weapons In JV With Israeli Firm

November 15, 2016 @ 10:34 AM

Indian Reliance, French Dassault JV To Execute $3.3 Billion Rafale Offsets Contract

October 3, 2016 @ 11:36 AM

Dassault Reliance JV to Manufacture Rafale, Falcon Parts in India

November 13, 2017 @ 11:04 AM

Thales, Reliance Defense To Form Joint Venture For Radar and EW Sensors

June 21, 2017 @ 10:33 AM

Reliance Defense, LIG Nex1 Partner To Supply Weaponry To Indian Armed Forces

April 17, 2017 @ 01:59 PM

Indian Navy Warns Pipavav Shipyard Of Penalties

April 7, 2017 @ 01:25 PM

India Unlikely To Buy Additional Rafale Fighter Jets

March 13, 2017 @ 11:58 AM

Dassault To Deliver 9 Rafales, 45 Falcons In 2017

March 8, 2017 @ 03:00 PM
FEATURES/INTERVIEWS