Rafale Deal: Dassault-Reliance venture is just 10% of offset obligations, says CEO

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Reliance Is The World’s Costliest Energy Stock To Own

CEO Eric Trappier says the corporate is negotiating with 100 Indian corporations to satisfy the necessities of the Defence Procurement Procedure

Cops stroll previous a billboard used throughout a protest by the Youth Congress in opposition to the alleged rip-off within the Rafale deal, in Bengaluru. Pic/PTI

Dassault Aviation CEO Eric Trappier has mentioned that the corporate’s joint venture with Reliance in Nagpur represents solely about 10 per cent of the offset obligations within the deal to buy 36 fighter jets from France and it is in negotiations with a couple of 100 Indian firms to satisfy the necessities underneath the Defence Procurement Procedure of the Indian authorities.

“In full compliance with this regulation, Dassault Aviation decided to set up the DRAL joint venture with Reliance and build a plant in Nagpur, which should enable us to meet about 10 per cent of these offset obligations. We are in negotiations with about a 100 Indian Companies and partnerships have already been concluded with about 30 of them,” Trappier mentioned. He once more made it clear that Dassault Aviation, which manufactures the Rafale jets, selected its offset companion.

“The reference is the contract we signed and which is called ‘offset contract’. With regard to the staff and trade union organisations, Dassault Aviation uses the term ‘obligation contractuelle d’offse’ or ‘obligation contractuelle de compensation’. Signing an offset contract is a requirement of Indian law. The implementation of offsets is an obligation and, under the Indian regulation, the choice of partners belongs to us,” he mentioned.

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