CCI clears Reliance-Dassault JV

[TooRave]

Competition Commission today approved the proposed joint venture between Anil Ambani-led group firm Reliance Aerostructure and Rafale-maker Dassault Aviation, one of the major deals in India's private defence industry.

The proposed combination relates to the setting up of a joint venture between Reliance Aero and Dassault -- Dassault Reliance Aerospace Limited, in which Reliance Aero would hold 51 per cent shares, with the remaining 49 per cent to be held by Dassault.



Fair trade regulator CCI said in a tweet that it has approved setting up of this JV. Deals beyond a certain threshold require approval from CCI, which keeps a tab on unfair business practices across sectors.

The JV, which was announced by the two companies in October last year, aims to be a "key player" in execution of offset contract worth about Rs 22,000 crore as part of the multi-billion euro Rafale fighter jet deal between India and France.

The strategic partnership between Dassault and Reliance will also focus on promoting research and development projects under the IDDM programme (Indigenously Designed, Developed and Manufactured), a key initiative of Defence Minister Manohar Parrikar.


http://www.business-standard.com/ar...ears-reliance-dassault-jv-117012700858_1.html

 

[kmc_chacko]

stage cleared for further orders Rafaels

 

[Ryuzaki]

what are they expected to do?

 

[TooRave]

stage cleared for further orders Rafaels

Definitely more than 36.I mean way way more than 36.
Also good news for domestic industries which will be producing or implementing indigenous parts in future like done in MKI.It means more mature industries...

 

[Hassan Guy]

 

[Srinivas]

Definitely more than 36.I mean way way more than 36.
Also good news for domestic industries which will be producing or implementing indigenous parts in future like done in MKI.It means more mature industries...

Exactly this is a significant thing.

View attachment 372455

Chinese will find a solution, dont go into depression

 

[Hassan Guy]

Exactly this is a significant thing.


Chinese will find a solution, dont go into depression

Oh, You are right.

More solar parks will solve the problem.

 

[chandrak]

what are they expected to do?

Well obviously they are going to produce most of parts here (except some criticals ones) keeping in mind cheap labour and cost effectiveness of india..and furthur make rafale more cost effective to lure more orders ...finally both india n france will get benefitted as its the start ..later others will also come

 

[lilaspr]

Why only think abut Rafale fighters... It also makes Falcon business jet, nEUROn (UCAV), and own Sogitec Industries SA which makes advanced avionics equipments, simulation equipment, 3D imaging, military flight simulators, and others imaging systems

 

[nik22]

Why only think abut Rafale fighters... It also makes Falcon business jet, nEUROn (UCAV), and own Sogitec Industries SA which makes advanced avionics equipments, simulation equipment, 3D imaging, military flight simulators, and others imaging systems

Good thought! This partnership has started because India bought Rafale!
Hopefully if there is enough demand and partnership go well, other products would also be manufactured by the consortium.