Dassault and Reliance Aerospace lay foundation for $116M joint venture plant in Nagpur

Dassault Aviation and Reliance Aerospace laid the foundation stone for the Dassault Reliance Aerospace Limited (DRAL) manufacturing facility at the Dhirubhai Ambani Aerospace Park in Nagpur, India. Dassault will invest over 100 million euros (about $116 million) in the joint venture to manufacture aircraft components as part of the offset obligation for the purchase of 36 Rafale fighter jets.

“The Dassault-Reliance joint venture represents the largest ever foreign direct investment in the defence sector in India.”business-standard.com

• 1 source
• business-standard.comDassault to invest $116 mn in venture with Reliance AerospaceBusiness StandardOct 27, 2017

Summarized from public sources; check the original articles before acting on it.