User:MBlaze Lightning/sandbox4

https://www.thehindubusinessline.com/economy/policy/rafale-deal-cleared-to-be-signed-on-friday/article9132411.ece

https://www.financialexpress.com/archive/rafale-fighter-jet-deal-deferred-no-money-left-shocks-a-k-antony/1223812/

https://www.thehindubusinessline.com/economy/policy/fighter-jet-deal-put-off-to-next-fiscal-due-to-budget-constraints-antony/article20722943.ece1

The agreement included a 50% "offset clause", which requires the companies involved in the agreement to invest 50% of the contract value back into India. Of this 50%, 74% or inr 245000000000 would have to come from purchase of goods and services from India, which is expected to bolster the government's efforts to promote Indian defence equipment manufacturers. The total offset obligations amounts to inr 300000000000, and these are shared among the four companies involved with the Rafale project, namely Dassault Aviation, Thales Group, Safran and MBDA. According to Air Marshal R Nambiar, the deputy chief of air staff, who flight-tested the first made-for-India Rafale jet in France, Dassault's share in the total offsets value amounts to inr 65000000000. The offsets are to be executed over a period of 7 years starting from the date of signing the deal until 2023, in the process generating business amounting to at least three billion Euros for both big and small Indian firms as well as generating thousands of new jobs.

On 3 October 2016, Reliance Group and Dassault Aviation issued a joint statement announcing the creation of a 51:49 joint venture named Dassault Reliance Aerospace Limited (DRAL) to focus on aero structures, electronics and engine components as well as foster research and development projects under the "Indigenously Designed Developed and Manufactured" (IDDM) initiative. Dassault intends to invest 116 million euros in the joint venture as part of its offset obligations. Reliance had acquired 111 acres of land at the Special Economic Zone (SEZ) in the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) prior to the creation of the joint venture. The land will be used to set up an integrated facility, which is planned to be commissioned in the following few months. The facility will become ready for use within the following 12 months, and will be used for the purpose of executing a part of Dassault's share of offsets. The joint venture will manufacture components for Legacy Falcon 2000 series of jets such as the nose, cockpit and doors in the facility starting from January 2018.

https://www.livemint.com/Companies/4Plo2PtdKLrxHPyRaqV1rM/Reliance-Group-signs-JV-with-Dassault-for-Rafale-jets.html

https://economictimes.indiatimes.com/news/defence/reliance-aerostructure-to-get-289-acre-mihan-land-for-chopper-unit/articleshow/48686724.cms

https://www.thehindubusinessline.com/companies/rafale-deal-reliance-group-joins-hands-with-dassault-aviation-for-offset-contract/article9179897.ece

https://www.domain-b.com/aero/mil_avi/mil_aircraft/20161004_defence.html

https://www.dailypioneer.com/2017/business-and-finance/rs-6500-cr-dassault-reliance-aerospace-facility-coming-up-in-nagpur.html

https://www.livemint.com/Industry/jMKgGesur4LEVG0FS8kGcI/Reliance-Dassault-form-joint-venture-for-defence-manufactur.html

https://www.thehindu.com/news/national/Nagpur-SEZ-to-host-Rafale-offset-manufacturing/article16079669.ece/amp/

https://www.thehindu.com/news/national/reliance-ties-up-with-dassault-to-execute-rafale-offsets/article15423945.ece1/amp/

https://timesofindia.indiatimes.com/city/nagpur/Reliance-Aero-misses-instalment-for-Mihan-land/articleshow/53677927.cms