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Home > News > India News > Article > Rafale Deal Dassault Reliance venture is just 10 of offset obligation

Rafale Deal: Dassault-Reliance venture is just 10% of offset obligation

Updated on: 13 October,2018 10:20 AM IST  |  New Delhi
Agencies |

CEO Eric Trappier says the company is negotiating with 100 Indian firms to meet the requirements of the Defence Procurement Procedure

Rafale Deal: Dassault-Reliance venture is just 10% of offset obligation

Cops walk past a billboard used during a protest by the Youth Congress against the alleged scam in the Rafale deal, in Bengaluru. Pic/PTI

"The reference is the contract we signed and which is called 'offset contract'. With regard to the staff and trade union organisations, Dassault Aviation uses the term 'obligation contractuelle d'offse' or 'obligation contractuelle de compensation'. Signing an offset contract is a requirement of Indian law. The implementation of offsets is an obligation and, under the Indian regulation, the choice of partners belongs to us," he said.


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