Reliance's joint venture with Dassault Aviation is targeting businesses worth Rs 30,000 crore (US$4.5 billion) as part of the offsets for the contract.
Last year, French major Dassault and Reliance Aerospace had announced the formation of Dassault Reliance Aerospace.
The company’s plan is to set up a facility spread over 100 acres in Nagpur, with the Joint Venture looking at creating a complete supply chain for the Rafale fighter jet in India, The Economic Times reported today.
The company is also eyeing at defense as the next growth area. It will be eyeing on opportunities under Army and Air Force under the 15 subsidiaries and 3 joint ventures with foreign OEMs and explore the Navy orders under the newly acquired Defence Research and Engineering Ltd (previously Pipavav Defence).
Overall the medium to long term domestic defence opportunity is marked at Rs 15.4 tn. Having spent the previous two years in building capabilities and technology tie-up, the management believes the tender to ordering cycle will commence in FY18 onwards.
Current order book is at Rs 57 billion to be executed by FY21. They are also considering building another shipyard in the east coast at "Rambilli" in Andhra Pradesh.
The company has built up a huge aerospace complex having own airport and airspace for fighter aircraft testing near Nagpur, at Mihan.
Even though the defence opportunity and the plans of the company is big, the major challenge is the execution, margins and the order booking which is filled with delays.
This offset will be availed by all partners, component manufacturers SMEs, MSMEs who would be working towards completing the Dassault order that will be delivered by the Reliance 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 has signed an agreement with the American Navy for repair and alteration services for warships of the largest forward-deployed Seventh Fleet operating in the Western Pacific and Indian Ocean. The Seventh Fleet has roughly about 5070 ships and submarines, 140 aircraft and about 20,000 sailors under its command, Tribune India reported today
Reliance Defence and Engineering (RDEL) has signed Rs 916 crore contract with Defence Ministry for design and construction of 14 fast patrol vessels for Indian Coast Guard. RDEL emerged winner through a competitive bidding process undertaken by Ministry of Defence with participation from almost all the private sector and public sector shipyards namely, L&T, Cochin Shipyard Ltd, Goa Shipyard Ltd, Garden Reach Shipbuilders & Engineers Ltd (GRSE), the company said in a statement Monday
Fair trade regulator, Competition Commission (CCI) today approved the proposed joint venture between Indian Reliance Aerostructure and French Dassault Aviation. The proposed combination relates to the setting up of a joint venture between Reliance Aero and Dassault -- Dassault Reliance Aerospace Limited, in which Reliance Aero would hold 51 per cent shares, with the remaining 49 per cent to be held by Dassault
Eric Trappier, the chairman of French Dassault Aviation has said that certain parts of Rafale fighter jets and Falcon commercial jet are going to be manufactured in Indias Dassault Reliance Aerospace Limited (DRALs) manufacturing facility at Mihan in Nagpur. With production from DRAL expected to start as early as 2018 and the first Rafale expected to land in India in 2019, Eric Trappier said in an interview with
Thales and Reliance Defence Limited announced today their intent to form an Indian Joint Venture (JV) with the proposed shareholding of 49% and 51% respectively. The JV aims to develop Indian capabilities to integrate and maintain Radar and Electronic Warfare sensors
Indias Reliance Defence and South Korean LIG Nex1 will jointly explore opportunities in supply of weaponry need by Indian armed forces. Reliance Defence has entered into a strategic partnership agreement with LIG Nex1 whereby the two companies will explore opportunities in the identified range of defence products, the company announced on Monday
Indian Navy has cautioned Reliance-controlled Pipavav shipyard in Gujarat of penalties if it delays the delivery of ships and other contract works. The shipyard has not been able to meet deadlines, which in turn has adversely affected the operational capabilities of the Navy, naval officials were quoted by
India is unlikely to place a follow-on order to purchase twin engine Rafale fighter planes manufactured by French Aerospace Dassault Aviation in spite of the countrys airforce fleet being depleted. The Indian government signed a contract to purchase 36 Rafale fighter jets in fly-away condition on September 23 for $8
Dassault plans to deliver 45 Falcon and nine Rafale fighter jets in 2017 and expects to increase 2017 net sales given the Rafale export net sales. Of the nine Rafales, one will be delivered to France and the rest to Egypt, Dassault mentioned as part of the forecast in the financial press statement released Wednesday
Pesticide, Not “Sonic Attacks” Cause of US, Canadian Diplomats Illness in Cuba...
Finland Picks Saab for $454M worth Combat Systems for Corvettes
Mitsubishi to Set Up New Design Center for SpaceJet Series in Montreal
Russia Developing New Engine for KA-226T Helicopter
Israel to Modernise Ukrainian MiG-29 Jets for $440M
MiG-35 Shows Off New AESA Radar at MAKS 2019
Russian S-300s, S-400s Fail to Detect Israeli F-35s Flying Over Syria: Reports...
Russia Unveils its Biggest Ever Drone to Compete with US Global Hawk
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...