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India.com
3 days ago
- Business
- India.com
Anil Ambani beats Mukesh Ambani, to invest Rs 100000000000 in development of..., to see results in...
Mukesh Ambani and Anil Ambani (File) In a significant move by Anil Ambani aimed at providing a major boost to aerospace manufacturing in India, Reliance Defence has announced a Rs 10,000 crore investment in the sector to fund its ambitious project of launching the first 'Made in India' commercial aircraft by 2028. How Anil Ambani plans to raise funds? According to details, Reliance Defence, a subsidiary of Anil Ambani-led Reliance Infrastructure, has partnered with French aerospace giant Dassault Aviation to manufacture the Falcon 2000 LXS Business Executive Jets in India for the global market. A portion of the investment will be raised by Reliance Infra, the parent company of Reliance Defence, which is planning to raise about Rs 17,600 crore through equity shares, institutional placement and foreign currency bonds, in addition to funneling capital funds from the monetization of nine road projects. In a statement, Reliance Defence MD and CEO Rajesh Dhingra said the company aims to transform India into a major aerospace manufacturing hub in the next five years. Why DRAL Nagpur will play a key role? As per an official release, Dassault Aviation– primarily known for its Rafale fighter jets which are operated by the Indian Air Force (IAF)– termed the agreement with Reliance Aerostructure Limited (RAL), a subsidiary of Anil Ambani's Reliance Infrastructure Ltd, as an 'epic moment' for India, who now joins an elite club of countries manufacturing next-generation business jets after the United States, France, Canada and Brazil. This will be the first instance when Dassault will build the Falcon 2000 jets outside France. The company said that its Dassault Reliance Aerospace Limited (DRAL) at Mihan in Nagpur, Maharashtra, will be the Centre of Excellence (CoE) outside of France for Dassault Aviation's Falcon series, including the Falcon 6X and Falcon 8X programs. The first flight of the 'Made in India' Falcon 2000 is expected to take place from the DRAL Facility by 2028, it said. Dassault to transfer Falcon 2000 assembly to DRAL According to the agreement, Dassault will also transfer the assembly of the front section of Falcon 8X and Falcon 6X, in addition to the wings and complete fuselage assembly of the Falcon 2000 to DRAL. 'This new agreement, which will make DRAL the first centre of excellence for Falcon assembly outside France and which will eventually enable the establishment of a final assembly line for the Falcon 2000, illustrates, once again, our firm intent to meet our 'Make in India' commitments, and to contribute to the recognition of India as a major partner in the global aerospace supply chain. It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance, which led to its creation in 2017 and is a testament to our unwavering belief in our future in India and serving India,' said Eric Trappier, Chairman and CEO, Dassault Aviation. The release termed the deal as a 'landmark initiative', which will see India emerge as a strategic center for high-end business jet manufacturing, underscoring the nation's growing prominence in the global aerospace ecosystem. 'The new final assembly line will cater to rising demand in India and other international markets,' it added. What is the Dassault-Reliance deal? Anil Ambani-led Reliance Aerostructure and Dassault Aviation launched DRAL as a joint venture in 2017, and established a state-of-the-art manufacturing facility in Mihan, Nagpur, marking the start of operations. Since 2017, DRAL has constructed more than 100 key subsections for the Falcon 2000 since delivering its first Falcon 2000 front section in 2019, demonstrating its superior precision manufacturing skills and contributing significantly to the Falcon global production program. As per the release, DRAL is expected to recruit several hundred engineers and technicians over the next decade to support its expanding operations. 'This growth underscores Dassault Aviation's deep commitment to strengthening India's aerospace manufacturing ecosystem and advancing the nation's emergence as a global center of excellence for high-precision aviation production.'
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Business Standard
4 days ago
- Business
- Business Standard
Reliance Defence plans ₹10,000-cr aerospace push, eyes 2028 jet launch
Anil Ambani-led Reliance Defence Ltd is making a major push into the aerospace sector with a ₹10,000-crore investment planned over the next decade. The company aims to manufacture India's first homegrown commercial aircraft by 2028, Mint reported. Reliance Defence, which handles the aviation and munitions business of Reliance Infrastructure Ltd, will partly fund the investment through capital raised by Reliance Infra. The parent company plans to secure ₹17,600 crore via preferential share placements, sales to institutional investors, and foreign currency bonds. It also hopes to monetise nine of its road projects, the news report said. 'That's the kind of roadmap we have ahead of us to be a global player. So five years from today, I think we would be in a position where we would be an integral part of the global aerospace domain,' said Rajesh Dhingra, MD and CEO of Reliance Defence, in an interview with Mint. 'Made in India' falcon jets Reliance Aerostructure Ltd, a subsidiary of Reliance Defence, is assembling Dassault Aviation's Falcon 2000 jets in Nagpur through a joint venture — Dassault Reliance Aerospace Ltd (DRAL). The venture, with a 51.49 ownership split, marks the first time Dassault is manufacturing aircraft outside France. As part of the agreement, the existing joint venture between the partners — Dassault Reliance Aerospace Ltd (DRAL) — will set up a cutting-edge final assembly line for the Falcon 2000 aircraft at MIHAN in Nagpur, Maharashtra. In addition, DRAL will be upgraded to function as a global Centre of Excellence (CoE) for all Falcon models, including the ultra-long-range Falcon 6X and the three-engine Falcon 8X. In a joint statement, the companies said, 'Dassault Aviation will manufacture Falcon 2000 jets outside of France for the first time in its storied history. This pioneering initiative will see India emerge as a strategic centre for high-end business jet manufacturing'. Strategic global partnerships Reliance Defence is also working with French avionics giant Thales SA in another joint venture — Thales Reliance Defence Systems. The venture supports Thales in upgrading aircraft like the Mirage 2000 and in setting up logistics hubs for Rafale bases, the news report said. With defence production expected to rise to ₹3 trillion by 2028-29, Indian firms like Tata, Mahindra, and Bharat Forge are also investing in aerospace. Though Reliance Defence has yet to win Indian defence contracts, it is working with HAL and Genesis Aerosystems to upgrade Dornier aircraft. After upgrading 37 planes, it has orders for 18 more and expects further contracts covering over 800 legacy defence aircraft and helicopters.
Canada Standard
18-06-2025
- Business
- Canada Standard
Reliance Aerostructure, Dassault to manufacture Falcon 2000 jets in India for global market
New Delhi [India], June 18 (ANI): Reliance Infrastructure Ltd subsidiary, Reliance Aerostructure Limited (RAL) and French manufacturer Dassault Aviation have announced an agreement to manufacture Falcon 2000 LXS Business Executive Jets in India for the Global Market. The development is particularly significant since the French manufacturer will be manufacturing Falcon 2000 jets outside France for the time time, an indication of India's increased importance in the global aviation manufacturing. Dassault Aviation, in a press statement, said that this is an epic moment for India as it joins the elite club of countries manufacturing next-generation business jets after the United States, France, Canada and Brazil. DRAL will be the first Centre of Excellence (CoE) outside of France for Dassault Aviation's Falcon series, including the Falcon 6X and Falcon 8X programs. Eric Trappier, Chairman and CEO, Dassault Aviation said: 'This new agreement, which will make DRAL the first centre of excellence for Falcon assembly outside France and which will eventually enable the establishment of a final assembly line for the Falcon 2000, illustrates, once again, our firm intent to meet our 'Make in India' commitments, and to contribute to the recognition of India as a major partner in the global aerospace supply chain. It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance, which led to its creation in 2017 and is a testament to our unwavering belief in our future in India and serving India.' Anil D Ambani, Founder Chairman, Reliance Group said, 'This collaboration reflects our commitment to Prime Minister Shri Narendra Modi's vision of 'Atmanirbhar Bharat (Self Reliant India)' and 'Make in India for the World'. Our partnership with Dassault Aviation for manufacturing of Falcon Business Jets in India is a defining moment for the country, Aviation Industry and the Reliance Group. This will help position India as a key force in the global aerospace value chain.' The release states that by 2028, the first flight of the 'Made in India' Falcon 2000 will take place from the DRAL Facility at MIHAN, Nagpur in the Western State of Maharashtra, India, following the transfer of full fuselage and wing assembly operations and significant facility enhancements. As part of the agreement, Dassault will also transfer the assembly of the front section of Falcon 8X and Falcon 6X, in addition to the wings and complete fuselage assembly of the Falcon 2000 to DRAL. 'This landmark initiative will see India emerge as a strategic center for high-end business jet manufacturing, underscoring the nation's growing prominence in the global aerospace ecosystem. The new final assembly line will cater to rising demand in India and other international markets,' the release added. In 2017, Dassault Aviation and Reliance Aerostructure formed a joint venture called DRAL. Later that year, a state-of-the-art manufacturing facility was established in Mihan, Nagpur, marking the start of operations. DRAL has constructed more than 100 key subsections for the Falcon 2000 since delivering its first Falcon 2000 front section in 2019, demonstrating its superior precision manufacturing skills and contributing significantly to the Falcon global production program. As per the release, DRAL is expected to recruit several hundred engineers and technicians over the next decade to support its expanding operations. 'This growth underscores Dassault Aviation's deep commitment to strengthening India's aerospace manufacturing ecosystem and advancing the nation's emergence as a global center of excellence for high-precision aviation production,' the release added. Dassault Aviation has established a reputation for excellence in the design, manufacture, marketing, and maintenance of all kinds of aircraft, from the Rafale fighter to the premium Falcon family of business jets, military drones, and space systems. Over the past century, the company has delivered over 10,000 military and commercial aircraft, including 2,700 Falcons, in more than 90 countries. Dassault Aviation reported EUR6.2 billion in revenue in 2024. The corporation employs 14,600 people. (ANI)
India Gazette
18-06-2025
- Business
- India Gazette
Reliance Aerostructure, Dassault to manufacture Falcon 2000 jets in India for global market
New Delhi [India], June 18 (ANI): Reliance Infrastructure Ltd subsidiary, Reliance Aerostructure Limited (RAL) and French manufacturer Dassault Aviation have announced an agreement to manufacture Falcon 2000 LXS Business Executive Jets in India for the Global Market. The development is particularly significant since the French manufacturer will be manufacturing Falcon 2000 jets outside France for the time time, an indication of India's increased importance in the global aviation manufacturing. Dassault Aviation, in a press statement, said that this is an epic moment for India as it joins the elite club of countries manufacturing next-generation business jets after the United States, France, Canada and Brazil. DRAL will be the first Centre of Excellence (CoE) outside of France for Dassault Aviation's Falcon series, including the Falcon 6X and Falcon 8X programs. Eric Trappier, Chairman and CEO, Dassault Aviation said: 'This new agreement, which will make DRAL the first centre of excellence for Falcon assembly outside France and which will eventually enable the establishment of a final assembly line for the Falcon 2000, illustrates, once again, our firm intent to meet our 'Make in India' commitments, and to contribute to the recognition of India as a major partner in the global aerospace supply chain. It marks the ramp-up of DRAL, in line with the strategic vision shared with our partner Reliance, which led to its creation in 2017 and is a testament to our unwavering belief in our future in India and serving India.' Anil D Ambani, Founder Chairman, Reliance Group said, 'This collaboration reflects our commitment to Prime Minister Shri Narendra Modi's vision of 'Atmanirbhar Bharat (Self Reliant India)' and 'Make in India for the World'. Our partnership with Dassault Aviation for manufacturing of Falcon Business Jets in India is a defining moment for the country, Aviation Industry and the Reliance Group. This will help position India as a key force in the global aerospace value chain.' The release states that by 2028, the first flight of the 'Made in India' Falcon 2000 will take place from the DRAL Facility at MIHAN, Nagpur in the Western State of Maharashtra, India, following the transfer of full fuselage and wing assembly operations and significant facility enhancements. As part of the agreement, Dassault will also transfer the assembly of the front section of Falcon 8X and Falcon 6X, in addition to the wings and complete fuselage assembly of the Falcon 2000 to DRAL. 'This landmark initiative will see India emerge as a strategic center for high-end business jet manufacturing, underscoring the nation's growing prominence in the global aerospace ecosystem. The new final assembly line will cater to rising demand in India and other international markets,' the release added. In 2017, Dassault Aviation and Reliance Aerostructure formed a joint venture called DRAL. Later that year, a state-of-the-art manufacturing facility was established in Mihan, Nagpur, marking the start of operations. DRAL has constructed more than 100 key subsections for the Falcon 2000 since delivering its first Falcon 2000 front section in 2019, demonstrating its superior precision manufacturing skills and contributing significantly to the Falcon global production program. As per the release, DRAL is expected to recruit several hundred engineers and technicians over the next decade to support its expanding operations. 'This growth underscores Dassault Aviation's deep commitment to strengthening India's aerospace manufacturing ecosystem and advancing the nation's emergence as a global center of excellence for high-precision aviation production,' the release added. Dassault Aviation has established a reputation for excellence in the design, manufacture, marketing, and maintenance of all kinds of aircraft, from the Rafale fighter to the premium Falcon family of business jets, military drones, and space systems. Over the past century, the company has delivered over 10,000 military and commercial aircraft, including 2,700 Falcons, in more than 90 countries. Dassault Aviation reported EUR6.2 billion in revenue in 2024. The corporation employs 14,600 people. (ANI)
New Indian Express
18-06-2025
- Business
- New Indian Express
Anil Ambani's Reliance Aerostructure and Dassault to manufacture Falcon 2000 business jets in India
The Anil Ambani-led Reliance Infrastructure subsidiary Reliance Aerostructure Limited (RAL) and French aerospace giant Dassault Aviation have signed an agreement to manufacture Falcon 2000 business executive jets in India for the global market. This will be the first time Dassault will manufacture Falcon 2000 jets outside of France. Dassault Reliance Aerospace (DRAL), a JV set up by the two companies in 2017, will also become the Center of Excellence (CoE) for the Falcon series, including Falcon 6X and Falcon 8X assembly programs for Dassault Aviation, the first such CoE outside France. The state-of-the-art, final assembly line for Falcon 2000 jets will be established in Nagpur, as per the agreement announced on Wednesday at the Paris Air Show. Eric Trappier, Chairman and CEO, Dassault Aviation, said that the agreement marks the ramp-up of DRAL, "in line with the strategic vision shared with our partner Reliance, which led to its creation in 2017 and is a testament to our unwavering belief in our future in India and serving India."
