Jagran Post

jagran Post

French Dassault Systemes opens Indian subsidiary for Rafale deal

Publish Date: 28 Nov 2012, 04:58 PM
Last Updated: 28 Nov 2012, 04:58 PM
quick bites

French Dassault opens Indian subsidiary
French Dassault opens Indian subsidiary

New Delhi: After bagging the multi-billion dollar contract for supplying 126 Rafale fighter aircraft to IAF, French Dassault Systemes has opened an Indian subsidiary company here.
The company named Dassault Aircraft Services India Private Limited (DASIPL) was set up recently and it is 100 per cent owned by its French parent company, officials said here.
The new company is headed by a French national Richard Lavaud, who has worked in India earlier with defence firms, and will work towards finalising the deal with India, they said.
Earlier this year, Dassault Rafale had emerged as the lowest bidder in the IAF tender for supplying 126 combat aircraft edging out its European rival Eurofighter Typhoon aircraft in terms of prices.
The contract has been offered to Dassault and it is negotiating the terms and conditions and the final price of the aircraft with the Indian Defence Ministry officials.
Dassault has also entered into an agreement with Reliance Industries Limited (RIL) for partnering in defence and homeland security sectors in the country.
There was a possibility of the two companies working together in the combat aircraft deal here.
After finalising the deal, Dassault will have to reinvest 50 per cent of the contracts worth back into the Indian defence sector.
Mukesh Ambani-headed RIL has made several efforts in the past to position itself in the defence, internal security and aerospace solutions sectors.


Latest News from Business News Desk

For Latest News Updates Follow Jagran Post on

We encourage you to log in and comment. Non-logged-in comments will go through a verification process for security reasons.

Characters remaining

Login/Comment with:ORPost your comment using security code
Word Verification:*
  Type the characters you see in the picture below
  • Jean-Louis CONSTANS30 Nov 2012, 00:00 AM

    Hi, I wonder if the "parzent company" is really Dassault Systemes (www.3ds.com, the 3DExperience company - CATIA and other brands) or rather Dassault Aviation (www.dassault-aviation.com, producing the Rafale and Falcon jets). Please see some other news web sites that confirm my view, like (sorry it's in french) http://portail-aviation.blogspot.fr/2012/11/dassault-renforce-son-implantation-en.html