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Dassault entered its Rafale jet into the fray for the India’s Medium Multi
Role Combat Aircraft contract on August 28, 2007. At that point,
Dassault is said to have initiated talks with the Tata group for a
partnership.
The large quantum of offsets – 50% of the deal value – prompted all
contenders, including US aircraft makers Boeing and Lockheed Martin,
to look for private Indian companies that could take on large-value
orders.
Insiders said that after Tata decided to go with a US partner, Dassault
opened talks with the Mukesh Ambani-led Reliance, which was
considering entering the aerospace sector. A new company, Reliance
Aerospace Technologies Ltd. (RATL), was incorporated on September 4,
2008.
RELAINCE DEFENCE LTD.
Dassault chose to go with Anil Ambani-led Reliance
Defence, which was incorporated on March 28,
2015, days before the new deal was announced in
Paris. Sources told ET that the partnership with
Reliance Defence was influenced by the original
talks held with Mukesh Ambani.