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Oct 04, 2016
Reliance ties up with Dassault after Rafale fighter jet deal | Reuters
NEW DELHI Reliance Group said on Monday it had tied up with Dassault Aviation SA to help the French company spend up to 300 billion rupees ($4.51 billion) that it must invest in India as part of a recent fighter jet deal it clinched.India, the world's largest arms importer, requires foreign defence companies to invest a percentage of the value of deals that they have been awarded into India to help the country build its own manufacturing base and wean itself off imports.Dassault agreed to invest 50 percent in so-called offsets of the $8.7 billion deal it signed with New Delhi on September 23 to supply 36 of its Rafale fighter jets. Reliance said the offset contract is India's biggest ever.Billionaire Anil Ambani, whose Reliance has virtually no experience of defence manufacturing, hopes to turn his company into a major defence firm over the coming years. The agreement with Dassault is a bet that Reliance can build manufacturing facilities at a site in Nagpur to feed into Dassault's supply chain, or for future Indian government orders of the Rafale jet. -
Sep 22, 2016
India set to sign Rafale deal on Friday further cementing Indo-French strategic ties
The decade-long saga will bear fruits when India ultimately signs tomorrow a deal with France for 36 Medium Multi-Role Combat Aircraft Dassault Rafale fighter jets. -
Jul 08, 2016
Time for Manohar Parrikar to implement reforms in Ministry of Defence
Having addressed a series of long-pending issues of modernisation and 'Make in India' initiatives, Union Defence Minister Manohar Parrikar can now seriously get down to the most critical reform related to professionalising the structures of the Ministry of Defence -
Apr 05, 2016
Global military spending rises to nearly $1.7 trillion amid West Asian conflicts: Sipri annual report
Global military spending rose in 2015 to nearly $1.7 trillion, the first increase in several years, driven by conflicts including the battle against the Islamic State group, the Saudi-led war in Yemen and fears about Iran, a report released on Tuesday shows. -
Feb 19, 2016
France, India to strengthen counter-terror cooperation
French President Francois Hollande vowed Monday not to weaken his resolve against terrorism as he held talks with India's leader on security cooperation and a long-delayed defence deal. -
Nov 19, 2015
Sluggish economies weaken business jet sales | Reuters
LAS VEGAS Weakening or sluggish economies around the globe are taking a toll on business aircraft sales and prices, forestalling an incipient recovery that had raised the hopes of plane makers and suppliers. Manufacturers attending the industry's largest jamboree this week predicted flat or lower sales next year, and possibly in 2017, before the arrival of new models stirs interest and buying later in the decade to restart industry growth. Prices also are falling -
Nov 10, 2015
Airshow - Combat use of F-16s in Mideast spurs fresh demand, says Lockheed | Reuters
DUBAI Combat use of Lockheed Martin Corp's ( LMT.N ) F-16 fighter jets in air strikes over Yemen, Syria and Iraq is spurring fresh demand for the warplane, which has sold 4,588 times and is in use by 27 countries, according to Lockheed officials. Randy Howard, director of Lockheed's integrated fighter group, told Reuters that current F-16 orders would keep the production line running through the fourth quarter of 2017, but other opportunities in Indonesia, the Gulf, eastern Europe and other regions could extend the line well into 2019 and beyond -
Jun 18, 2015
Gajapathi Raju invites French investment in aviation sector, stresses on Make in India
Minister of State for Defence Rao Inderjeet Singh also held a series of meetings with the companies present in the defence sector, including Dassault, from which India has decided to purchase 36 Rafale fighter jets. -
May 27, 2015
Germany seeks to sell Eurofighters to India, back submarine programme
A defence ministry spokesman said the focus now was on finalising the government-to-government deal for 36 ready-to-fly Rafales. -
May 27, 2015
Germany lobbies India to buy Eurofighters, submarines | Reuters
NEW DELHI Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said Berlin stood ready to back a multi-billion-dollar Indian submarine project. Prime Minister Narendra Modi, who has just marked his first year in office, cut through an impasse over a troubled tender for high-end combat jets by announcing a deal in France last month to buy 36 Rafales from Dassault ( AVMD.PA ). -
May 18, 2015
Planemaker Dassault to double Rafale output in 2-3 years if India buys | Reuters
GENEVA Dassault Aviation will double production of its Rafale combat jet within two to three years of the completion of a planned sale to India, its chief executive said on Monday. -
May 02, 2015
Iran stance and regional policy bring French leader Gulf Arab rewards | Reuters
PARIS (Reuters) - France's tough line in talks with Iran and a similar analysis to Gulf Arab states on regional crises has sealed strategic new links in the Middle East that will be cemented when President Francois Hollande attends a regional leaders' summit next week. Those ties, which Paris has sought to nurture since Hollande came to power in 2012 - were highlighted on Thursday when Qatar agreed to buy French-made Rafale fighter jets in a 6.3-billion-euro ($7 billion) deal -
May 01, 2015
France and Qatar seal $7 bln Rafale fighter jet deal | Reuters
PARIS (Reuters) - Qatar has agreed to buy 24 Dassault Aviation-built Rafale fighter jets in a 6.3-billion-euro ($7 billion) deal, the French government said on Thursday, as the Gulf Arab state looks to boost its military firepower in an increasingly unstable region. Tensions in the Middle East with conflicts in Yemen, Syria and Libya, as well as concerns over Shi'ite Muslim power Iran's growing influence in the area, have fuelled a desire across Sunni Gulf Arab states to modernise their military hardware -
Apr 14, 2015
Rafale deal likely to have a 30% offset clause worth nearly $2 bn
Defence Minister Manohar Parrikar had yesterday insisted that the deal for 36 Rafale jets does not mean that 'Make in Indian' programme has been set aside. -
Apr 14, 2015
Rafale deal with France likely to have a 30 percent offset clause
The over USD 6 billion deal for 36 Rafale jets is likely to have a 30 percent offset clause valued at nearly USD 2 billion that the Indian private industry will be eyeing. -
Apr 11, 2015
India to buy 36 Rafale jets in fly-away shape, says PM Modi in France
The Jaitapur project, where French company Areva is to set up six nuclear reactors with total power generation capacity of about 10,000 MW, is stuck for long because of differences over the cost of electricity to be generated. -
Feb 20, 2015
Aero show: European defence cos to cash in on Modi's 'Make in India' campaign
But India has stipulated that for winning defence deals, foreign firms give domestic companies access to more advanced technologies they can use in India, rather than simply outsourcing basic assembly work. -
Feb 19, 2015
Airshow - European arms sellers look to get foot back in India's door
BENGALURU, INDIA (Reuters) - European defence firms, aiming to catch up with U.S. and Russian rivals that dominate the sector in India, are pursuing supply deals by agreeing to more generous technology transfer and local manufacturing terms -
Feb 19, 2015
India to decide on Rafale fighter jet deal only after March
BENGALURU, INDIA (Reuters) - India will decide on the fate of a long-delayed deal for 126 Dassault( AVMD.PA ) Rafale fighter jets only after March, Defence Minister Manohar Parrikar said on Wednesday. -
Feb 18, 2015
Centre to decide on Rafale fighter jet deal only after March
The ministry's Contract Negotiations Committee (CNC) should report back by early March, Parrikar told a media conference at the Aero India airshow in Bengaluru.
