Defence Sector – DPP, Missions, Schemes, Security Forces, etc.

Nagpur SEZ to host Rafale offset manufacturing

  1. Event: An integrated facility will be commissioned by the Reliance Anil Dhirubhai Ambani Group and its French partner Dassault in Nagpur in the next few months
  2. Purpose: Execution of offset contracts of the just-concluded deal for 36 French fighters
  3. Amount: Four French companies which have a major stake in the Rafale deal will execute offsets worth about Rs. 30,000 crore as per their share
  4. Background: Last month India and France concluded a €7.87-billion deal for 36 Rafale multi-role fighter jets in a fly-away condition
  5. Offset: It has a 50 percent offset clause under which that contract value has be invested and sourced from India
  6. As per the agreement about 30 percent of the Rs. 30,000 crore i.e. about Rs. 9,000 crore has to be invested in R&D along with DRDO for technology development

By Explains

Explain the News

Notify of
Inline Feedbacks
View all comments