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Rafale deal: Reliance Aerospace, Dassault in strategic partnership

Joint venture to be key player in execution of offset contract, as a part of Rafale fighter Jets purchase deal

Salil Panchal
Published: Oct 3, 2016 06:53:41 PM IST
Updated: Oct 3, 2016 07:37:03 PM IST

Life is not a template and neither is mine. Like several who have worked as journalists, I am a generalist in my over two decade experience across print, global news wires and dotcom firms. But there has been one underlying theme in each phase; life gave me the chance to observe and tell a story -- from early days tracking a securities scam to terror attacks and some of India's most significant court trials. Besides writing, I have jumped fences to become an entrepreneur, as an investment advisor -- and also taught the finer aspects of business journalism to young minds. At Forbes India, I also keep an eye on some of its proprietary specials like the Rich list, GenNext and Celebrity lists. An alumnus of Xavier Institute of Communications and H.R College of Commerce and Economics in Mumbai, I have worked for organisations such as Agence France-Presse, Business Standard, The Financial Express and The Times of India prior to this.

Rafale deal: Reliance Aerospace, Dassault in strategic partnership
Image: Joe Ravi / Shutterstock.com
In January 2015, the Reliance Group entered the Indian Defence manufacturing sector

Global military aircraft manufacturer Dassault Aviation and Reliance Aerospace, part of the Anil Ambani-led Reliance Group Monday announced a strategic partnership, which would involve technology transfer aimed to assist Indian aerospace sector.

The strategic partnership between the two companies will also aim to promote research and development projects as part of the new initiatives announced by India’s Defence Minister Manohar Parrikar, under the Indigenously Designed, Developed and Manufactured (IDDM) programme, a joint statement from the two group said.

This newly announced partnership aims to be a key player in the execution of offset obligations, as a part of the 36 Rafale fighter Jets purchase agreement at a value of €7.87 billion (about Rs.59,000 crore) signed between France and India on September 23 this year.

The agreement includes a 50 percent offset obligation, which is the largest ever offset contract in the history of India.

In January 2015, the Reliance Group entered the Indian Defence manufacturing sector, acquired a state-of-the-art naval shipyard, and is developing its air, land and sea defence manufacturing capabilities in collaboration with leading global defence firms.

“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 India’s “Make in India” policy, Eric Trappier, Dassault Aviation chairman and CEO said.

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