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.