Reliance and Dassault Aviation enter into largest offset contract defence deal

Q.  The largest offset contract to be executed by any defence company in India till date is the one between which two companies?
- Published on 04 Oct 16

a. Honeywell, TASL
b. Dassault Aviation, Reliance
c. Honeywell, Reliance
d. Dassault Aviation, TASL

ANSWER: Dassault Aviation, Reliance
 
Reliance and Dassault Aviation enter into largest offset contract defence dealThe largest offset contract to be executed by any company in India till date was the partnership between Dassault Aviation of France and Reliance Group to execute offsets for the recently concluded Rafale deal.
  • The joint venture called Dassault Reliance Aerospace was jointly announced by Dassault Aviation and Reliance Group
  • The contract value is estimated at INR 30,000 crore
  • “The proposed strategic partnership between Dassault and Reliance will also focus on promoting research and development projects under the IDDM program (Indigenously Designed, Developed and Manufactured)…,” the statement from Reliance added, referring to the new provision introduced in the Defence Procurement Procedure (DPP) 2016.
  • 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
  • JV will focus on aero structures, electronics and engines and intends to infrastructure and supply chain in India for the aerospace sector.

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