Rafale fighter jets deal: Reliance Defence was ‘freely chosen’ as offset partner: Dassault Aviation | India News

0
27
Reliance Is The World’s Costliest Energy Stock To Own

NEW DELHI: Dassault Aviation, the maker of Rafale fighter jets, stated on Wednesday evening that it had “freely chosen to make a partnership with India’s Reliance Group”. The Rafale-maker’s clarification got here in response to a French media web site declare that Dassault Aviation

was offered with no possibility
+
however to tie up with Anil Ambani-led Reliance Defence as the principle offsets associate within the Rs 59,000-crore contract for 36 jets.

“Within the framework of the September 2016 Inter-Government Agreement between France and India, Dassault Aviation has sold 36 Rafale aircraft to India. In compliance with the Indian regulations (Defence Procurement Procedure) and as frequent with such a contract, Dassault Aviation has committed to offsets in India worth 50% of the value of the purchase. In order to deliver some of these offsets, Dassault Aviation has decided to create a joint-venture. Dassault Aviation has freely chosen to make a partnership with India’s Reliance Group. This joint-venture, Dassault Reliance Aerospace Ltd (DRAL), was created February 10, 2017,” Dassault stated in a press launch.

Rafale fighter jet deal: SC seeks particulars of decision-making course of

Several pleas have been filed within the Supreme Court requesting to direct the centre to disclose particulars of value, decision-making course of and so forth. of the Rafale jet deal between India and France. On Wednesday, the SC sought data from the Centre by Oct 29 and glued the PILs for listening to on Oct 31. SC has not issued any discover to centre.

“Other partnerships have been signed with other Companies such as BTSL, DEFSYS, Kinetic, Mahindra, Maini, SAMTEL,… Other negotiations are ongoing with a hundred-odd other potential partners,” the assertion added.

French investigative web site Mediapart, which final month quoted former French President François Hollande as claiming the Indian authorities had just about thrust Reliance Defence as offsets associate on France, on Wednesday stated it had a Dassault doc proving the identical. The report got here even as defence minister Nirmala Sitharaman left for a three-day go to to France on Wednesday evening.

Mediapart claimed the doc confirmed the alliance with Reliance Defence was certainly offered as “a trade-off” to acquire the contract, quoting a presentation made by Dassault’s deputy chief government officer Loik Segalen to the corporate’s employees representatives in Nagpur. The partnership with Reliance Defence was described as “imperative and mandatory”, as per the report.

The French authorities and Dassault promptly rebutted Hollande’s declare final month. The Indian defence ministry, too, dismissed the controversy as “unnecessary”, sustaining it had by no means recommended any firm’s identify as the offsets associate within the deal. Under the contract, the French corporations concerned should plough again 50% of the contract worth to India as offsets or re-investments.

The MoD says, “As per offsets guidelines, the vendor (Dassault) is to provide the details of the offset partners either at the time of seeking offset credits or one year prior to discharge of offset obligations, which in this case will be due from 2020.”

The French authorities stated it was “in no manner involved” within the selection of Indian industrial companions which have been, or are being, chosen by the French corporations concerned within the deal. “French Companies have the full freedom to choose the Indian partner Companies that they consider to be the most relevant, and then present for the Indian government’s approval the offsets projects that they wish to execute with their local partners,” it stated.

Leave a Reply