Reliance and Dassault declare defence partnership

• Eastern Eye Staff
• 03 October, 2016

By: Eastern Eye Staff

INDIA’S Reliance Group and France’s Dassault have signed a lucrative defence partnership as part of a fighter jet deal agreed between the two nations last month, the companies said on October 3. India signed a contract to buy 36 Rafale fighter jets for 7.9 billion euros (£6.9 billion), France’s biggest ever such sale, as the nation seeks to bolster its military in the face of China’s growing clout. Dassault, which is building the aircraft, agreed under the terms of the deal to invest about 50 percent of the value of the contract in India. It has teamed with Indian billionaire…

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