AFP
India Approved JV between Reliance and Thales

India Approved JV between Reliance and Thales 15 February, 2018

India has approved the establishment of a joint venture (JV) between Reliance and Thales, named as 'Thales Reliance Defence Systems', to support the Indian Air Force’s (IAF’s) procurement of 36 Dassault Rafale multirole combat aircraft. The proposed company will have a shareholding of 51 percent and 49 percent, respectively. The joint venture is part of Thales’ offset plan for the Rafale fighter jet deal.

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