Dassault Aviation Enters into JV with India’s Reliance Group

The Dassault Reliance Aerospace was announced by France’s Dassault Aviation chairman and CEO Eric Trappier and Reliance Group chairman Anil Ambani. The agreement includes a 50% offset obligation, which is the largest-ever offset contract recorded in India.

Defense News quotes an Indian Air Force official who said, “A comprehensive military aerospace partnership in terms of joint venture can actually [be] translated into a long-term commitment from Indian and foreign players aiming to strengthen defense industry in India.”

Reliance and Dassault Aviation

This proposed strategic partnership will also focus on promoting research and development projects under the Indigenously Designed Developed and Manufactured program, a new initiative started by India’s minister for defense, Manohar Parrikar, says Reliance.

Be Sociable, Share!
Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

0 comments

There are no comments yet...

Kick things off by filling out the form below.

Leave a Comment

*