Feb 15, 2017 06:04 PM IST | Source: CNBC-TV18

French co Dassault Aviation inks JV with Reliance Defence

Eric Trappier, CEO, Dassault Aviation is very upbeat of their joint venture with Reliance Defence giving them an opportunity to have a footprint in India.

Eric Trappier, CEO, Dassault Aviation is very upbeat of their joint venture with Reliance Defence giving them an opportunity to have a footprint in India.

Dassault has signed the joint venture with Reliance Defence for Rafale offset obligations. In January, Competition Commission of India had approved the proposed joint venture between Anil Ambani-led group firm Reliance Aerostructure and Rafale-maker Dassault Aviation.

The JV will also help both the countries that is India and France develop their relationship further, Trappier told CNBC-TV18 from the sidelines of Aero India Show 2017.

The detailed schedule of offset obligations will be known in the following week and months but they are likely to start delivery of component by 2018, said Trappier.

The JV company is proposed to be named as 'Dassault Reliance Aerospace Ltd' (DRAL). Reliance Aerostructure Ltd (RAL) will have 51 percent shareholding in the JV while Dassault Aviation (DA) will hold 49 percent.

He said the company was also open to discussions with other companies but would first like to have a footprint in India with Reliance.  Going forward joint Ventures with Indian companies is sure to boost the defence research and development (R&D), he added.

They would like to collaborate with local companies (SMEs) for supplies, said Trappier

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