
France's Dassault, Tata ink deal to make Rafale fuselages in India
French manufacturer Dassault Aviation and India's Tata Advanced Systems Limited have signed four agreements to manufacture the fuselage of Rafale fighter aircraft in India.
'This facility represents a significant investment in India's aerospace infrastructure and will serve as a critical hub for high-precision manufacturing,' a joint press release issued by the companies said.
'Under the scope of the partnership, Tata Advanced Systems will set up a cutting-edge production facility in Hyderabad for the manufacture of key structural sections of the Rafale, including the lateral shells of the rear fuselage, the complete rear section, the central fuselage, and the front section,' it added.
As per the deal, the first fuselage sections are expected to roll off the assembly line in 2028. The facility is expected to deliver up to two complete fuselages per month.
Eric Trappier, chairman and CEO of Dassault Aviation, said that this is the first time Rafale fuselages will be produced outside France.
Also Read | Modi govt adds military teeth by massive capital spending
"This is a decisive step in strengthening our supply chain in India. Thanks to the expansion of our local partners, including TASL, one of the major players in the Indian aerospace industry, this supply chain will contribute to the successful ramp-up of the Rafale and, with our support, will meet our quality and competitiveness requirements," said Eric Trappier.
Sukaran Singh, the chief executive officer and managing director of Tata Advanced Systems Limited, said that the partnership marks a significant step in India's aerospace journey.
'This partnership marks a significant step in India's aerospace journey. The production of the complete Rafale fuselage in India underscores the deepening trust in Tata Advanced Systems' capabilities and the strength of our collaboration with Dassault Aviation," Singh said.
"It also reflects the remarkable progress India has made in establishing a modern, robust aerospace manufacturing ecosystem that can support global platforms,' he added.
Last month, India and France signed a key deal to procure 26 naval variants of Rafale fighter jets at a cost of around ₹63,000 crore for the Indian Navy.
The Cabinet Committee on Security (CCS), headed by Prime Minister Narendra Modi, cleared the government-to-government deal for 22 single-seat Rafale M fighters and four twin-seat trainers this month, Hindustan Times had earlier reported.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
31 minutes ago
- Business Standard
Sebi attaches bank, demat, MF accounts of Choksi to recover Rs 2.1 cr dues
Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares of Gitanjali Gems. The latest move followed a demand notice issued to Choksi on May 15, warning attachment of assets as well as bank accounts if he failed to make the payment within 15 days. The demand notice came after Choksi failed to pay the fine imposed by the Securities and Exchange Board of India (Sebi) in January 2022 in a case of violation of insider trading rules in the shares of Gitanjali Gems Ltd. Choksi, who was the chairman and managing director as well as part of promoter group of Gitanjali Gems, is the maternal uncle of Nirav Modi. Both are facing charges of defrauding state-owned Punjab National Bank (PNB) of more than Rs 14,000 crore. Both Choksi and Modi fled India after the PNB scam came to light in early 2018. In April, Choksi was arrested in Belgium following an extradition request by Indian probe agencies. He was located in Belgium last year when he went there for getting medical treatment. He had been staying in Antigua since 2018 after leaving India. Modi was arrested by the Scotland Yard Police in March 2019 and is currently in jail in that country. In an attachment notice dated June 4, Sebi said the pending dues of Rs 2.1 crore include the initial fine of Rs 1.5 crore and interest of Rs 60 lakh. To recover the dues, Sebi asked all the banks, depositories -- CDSL and NSDL -- and mutual funds not to allow any debit from the accounts of Choksi. However, credits have been permitted. Further, Sebi has directed the banks to attach all accounts, including lockers, held by the defaulter. Initiating the recovery proceedings, Sebi said there is sufficient reason to believe that Choksi may dispose of the amounts in the bank accounts, mutual fund folios and securities in the demat accounts held with the depositories and "realisation of the amount due under the certificate would, in consequence, be delayed or obstructed". In its order passed in January 2022, the regulator imposed a penalty of Rs 1.5 crore on Choksi and restrained him from the securities market for one year. Sebi had found that Choksi communicated unpublished price sensitive information to one Rakesh Girdharlal Gajera, who sold his entire shareholding of 5.75 per cent in Gitanjali Gems in December 2017 with the intention of avoiding loss ahead of any event which may lead to disclosure of fraudulent issuance of LoUs (letter of undertaking) to Gitanjali Group and magnitude in public domain. It was noted that fraudulent LoUs were issued on behalf of entities belonging to the Gitanjali Group, including GGL. "Noticee no. 1 (Choksi) was found to have communicated UPSI (unpublished price sensitive information) to Noticee no. 2 (Gajera) without any underlying legal obligation or any legitimate purpose," Sebi had said in its final order. Through such activities, the two persons had violated the provisions of the PIT (Prohibition of Insider Trading) rules. In May 2023, Sebi sent a notice to Choksi directing him to pay Rs 5.35 crore in a case pertaining to fraudulent trading in the shares of Gitanjali Gems.
&w=3840&q=100)

Business Standard
32 minutes ago
- Business Standard
We'll integrate artificial intelligence in all branches: AICTE Chairperson
All India Council for Technical Education (AICTE) chairperson TG Sitharam on Friday said artificial intelligence (AI) will be integrated into all branches of technical education. While AICTE had introduced a BTech programme in AI and Data Science as early as 2017, the Council is now working to include AI in the model curriculums of all technical disciplines, including engineering, information technology, and management studies, Sitharam told PTI. "A committee of experts has been constituted to suggest necessary revisions in the model curriculums. This committee has already held three meetings. I expect the panel to submit its recommendations within the next month on how AI can be incorporated across all branches. Two months after that, we aim to finalise the updated model curriculums," he said. Based on these new model curriculums, AI-inclusive teaching could begin as early as next academic year, the official said. He also informed that AICTE has made around 1,000 textbooks available online in 12 Indian languages, which have been downloaded seven lakh times over the past two years. Currently, 54 technical institutions across the country are offering various courses in these 12 Indian languages, he said. Sitharam was in Indore to attend a meeting of Parliament's advisory committee, chaired by Union Education Minister Dharmendra Pradhan. The meeting focused on promoting education in Indian languages in schools and higher education institutions.
&w=3840&q=100)

Business Standard
32 minutes ago
- Business Standard
How Sri City's Ravindra Sannareddy turned scrubland into an industrial hub
Lunch with BS: Sri City has now grown to employ over 65,000 people. Sannareddy dream is to take it past 100,000 by its 25th year Shine Jacob Chennai Listen to This Article It almost feels like Chennai has quietly extended its industrial embrace across the Andhra Pradesh border to Sri City. The 55-km drive to this manufacturing hub, in the Tirupati district, is lined with warehouses and factory sheds, their insignia ranging from global conglomerates to rising Indian giants — all strategically leveraging their proximity to Chennai Port. The four-lane highway buzzes with container traffic, its rhythm set by South India's manufacturing metronome. At the end of it all, nestled among dry scrubland and slow-growing trees, is Sri City — a dream built on stubborn optimism, spiritual roots, and strategic foresight, one