Current Affairs Telugu Daily

Dassault Aviation and Reliance group :Rafale fighters
Dassault  Aviation said it would invest €100 million in its defense joint venture with the  Anil  Ambani-led Reliance Group.
They laid the foundation stone for the Dassault Reliance Aerospace Limited (DRAL) manufacturing facility in the  6,500 crore  Dhirubhai  Ambani Aerospace Park (DAAP), Mihan,  near  Nagpur,  Maharashtra.  The plant is expected to start production in 2018. Reliance  Aerostructure will hold a majority 51%  in DRAL, while 49% would be held by  Dassault  Aviation.
What they do: The facility will manufacture several components of the offset obligation connected to the purchase of 36 Rafale fighters from  France, signed between the two governments in  September 2016.

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November-2018
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