Rafale deal: Dassault likely to enter joint venture with HAL

The multi-billion deal for 36 Rafale fighter jets could see French defence major Dassault Aviation entering into a joint venture with state-run HAL or any private player to set up a base here for augmenting its existing production line. Defence sources said such a step, if taken will not only allow the French firm to ramp up its production rate but will help it to meet offset obligations in India, likely to be 30-50 per cent of the sales value.

See the full article at Business Line