Dassault Aviation of France has entered into a partnership with Reliance group to execute offsets for the recently concluded deal for 36 Rafale fighter jets.
The joint venture called “Dassault Reliance Aerospace” was jointly announced by Dassault Aviation Chairman & CEO Eric Trappier and Reliance Group Chairman Anil Dhirubhai Ambani.
Last month, India and France signed an Inter-Governmental Agreement (IGA) for 36 Rafale multi-role jets in fly-away condition worth €7.87 billion or about Rs. 59,000 crore. The deal has a 50 per cent offset clause to be executed by Dassault and its partners in India. Industry sources said that the JV will focus on aero structures, electronics and engines and intends to infrastructure and supply chain in India for the aerospace sector.