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Reliance Aerostructure and Thales India form JV

The Competition Commission of India (CCI) has approved the joint venture (JV) between Reliance Aerostructure and Thales India. Named as “Thales Reliance Defence Systems (TRDS)” will have a shareholding of 51 per cent with Reliance and 49 per cent with Thales. The JV is a part of Thales’ offset plan for the Rafale fighter jet deal, demonstrates “long-term commitment to the high technology aerospace industry in India. Thales’ share in the total offset is about $1 billion and new joint venture company TRDS will be executing this offset at the mammoth Dassault-Reliance Aerospace manufacturing facility in Mihan, Nagpur.

https://www.thehindubusinessline.com/companies/cci-nod-for-reliance-defence-thales-venture/article22752298.ece

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