India and France signed a purchase agreement for supply of 36 Rafale fighter jets at a value of €7.87 billion, or about Rs.60,000 crore in September last year. The contract includes a 50% offset obligation to the tune of approximately Rs. 30,000 crore, which is the largest ever offset contract in India. Reliance Infrastructure's joint venture with Dassault Aviation, Dassault Reliance Aerospace Limited (DRAL) will be a key player in the execution of theseoffset obligations.
The company has finalized the Infrastructure requirements at Dhirubhai Aerospace Park at Mihan, Nagpur and the construction work for the greenfield facility will start in May 2017. Production on the contract will begin, according to the company, by end-2017.