By: Vivek Raghuvanshi
NEW DELHI — Dassault Aviation and the private sector business Reliance Group, chaired by Anil Ambani, declared Monday a joint venture to form the largest-ever defense-industrial partnership so far announced in India.
The announcement of Dassault Reliance Aerospace comes less than two weeks from when India and France signed a deal for the procurement of 36 Rafale fighters for the Indian Air Force (IAF), valued at €7.8 billion (US $8.8 billion).
The new partnership will establish a foundation for a credible, aerospace-manufacturing capability under one umbrella to be created by the joint venture at Mihan, India.
Dassault Chairman Eric Trappier said the joint venture with Reliance illustrates the company's commitment in India to create a defense partnership under the Make in India initiative, while Ambani said that this was a transformational moment for India’s aerospace sector.
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