Reliance Aerostructures, part of the Anil Dhirubhai Ambani Group (ADAG), had taken up over 100 acres in the SEZ last year to set up an aerospace park. The joint venture, Dassault Reliance Aersopace, has been formed to implement orders worth 30,000 crore
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 for the execution of offset contracts of the just-concluded deal for 36 French fighters. A significant part of the whopping Rs. 30,000 crore offsets would be executed through the joint venture, Dassault Reliance Aerospace.
The company had taken up land in the Multi-modal International Cargo Hub and Airport at Nagpur's (Mihan) special economic zone (SEZ) last year. This is part of the offset orders of the Rafale aircraft deal with France's Dassault.
Under an offset arrangement, any supplier bagging a major government order has to invest a part of the deal in India to make components or for maintenance.