Dhirubhai Ambani Aerospace Park foundation to be laid tomorrow

Dhirubhai Ambani Aerospace Park foundation to be laid tomorrow

French aircraft maker Dassault Aviation and Reliance Aerospace Ltd will tomorrow lay the foundation stone of an aerospace park which will manufacture aircraft components for the Indian as well as the global market. It is estimated to cost about Rs 6,500 crore. French Defence Minister Florence Parly, top officials of Dassualt Aviation and Chairman of Reliance Group Anil Ambani are scheduled to attend the foundation-stone laying ceremony of Dhirubhai Ambani Aerospace Park (DAAP) at the Multimodal International Hub Airport at Nagpur (MIHAN) SEZ here.

“The joint venture will create state-of-the-art integrated eco-structure to execute the Rs 30,000 crore offset programme linked to the sale of 36 Rafale fighter jets by Dassualt Aviation to India,” a company release said. Spread over 289 acres, DAAP is being touted as the largest greenfield aerospace project in India and will have assembly lines and manufacturing facilities for fixed wing aircraft, and produce aircraft components for global markets.
Union minister Nitin Gadkari, Maharashtra Chief Minister Devendra Fadnavis, Chairman of Dassault Reliance Aerospace Limited (DRAL) and Chairman and CEO of Dassault Aviation Eric Trappier, will also be present on the occasion tomorrow.

The Dassault?Reliance partnership will bring in not only a high level transfer of technology, but also help develop the eco-system of the domestic aerospace sector and feed into the global supply chain, an official said. Many Indian MSMEs are also expected to set up facilities at DAAP. The Dassault?Reliance JV has already shortlisted large number of vendors, mostly small-and medium-size enterprises, to be part of the supply chain at DAAP. Company sources said the production will start in the first quarter of 2018 at DAAP, being set up with an investment of Rs 6,500 crore.

“Reliance Infra-promoted Reliance Aerostructure Ltd (RAL) will have 51 per cent shareholding in the JV while Dassault Aviation (DA) will hold 49 per cent,” said a source. The first batch of managers for DRAL started their training in France in May this year and will be back in December. “Once fully operational, DRAL will generate more than 700 direct jobs, 5,000 high skilled jobs at DAAP and more than 15,000 secondary jobs,” they said.

 

News Source: PTI

 

You might also like

Transport

Qatar Airways may invest in Indian aviation sector

India has invited Qatar to invest in its booming airline sector. The oil-rich Arab nation, which runs the hugely successful Qatar Airways, has long expressed a desire to invest in

Latest

Oman Tourism and Cox & Kings Ltd. hosted networking events in Mumbai and Delhi

Oman Tourism along with Cox & Kings Ltd. hosted a Cocktail and Dinner evening in Delhi and Mumbai on 11th and 13th April 2018. Around 40-45 attendees representing the top management and

Slider

Cleartrip becomes the official Travel & Hospitality partner for Minerva Punjab FC

Cleartrip Local to be the exclusive ticketing partner for all I-League home matches for the Chandigarh club To sponsor hotel Hospitality s for the team in Ludhiana, Kolkata, Kochi, Shillong,

Destinations

Jordan comes to India

His Majesty King Abdullah II bin Al-Hussein of Jordan attended a part of the Jordanian-Indian Business Forum that was held in New Delhi, where he promised potential investors all help

flydubai inaugurates Bangkok service

New route marks the airline’s first double daily launch outside the GCC Dubai-based flydubai has officially launched its Bangkok service, marking the start of its first double daily route outside

Destinations

Viviana Mall unleashes Monsoon Italian Festival

The Weeklong festival to continue till Independence Day! To add more fun to this year’s monsoon, leading destination mall, Viviana Mall has organized a grand ‘Monsoon Italian Festival’ from August

Latest

Air India launches Delhi-Vienna flights

New European route to operate three times a week The service will now operate three times a week using a two-class Boeing B787 Dreamliner aircraft. Flight AI153 leaves Delhi’s Indira

Slider

Disney announces transformative multi-year expansion for Disneyland Paris

Chairman and CEO of The Walt Disney Company Robert A. Iger announced plans for a 2 billion euro, multi-year expansion for Disneyland Paris alongside French President Emmanuel Macron at the

Slider

Abu Dhabi Records 1.6 million hotel guest arrivals in first four months of 2017

Emirate sees 7% growth in hotel guest arrivals compared to previous year New figures from Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) show that Abu Dhabi welcomed 1.6

Trending

Atlantis, The Palm launches world’s first social media suite

In celebration of reaching one million fans on Facebook, the resort will reward followers with free stays in the specially created ‘Atlantis Fan Suite’ In celebration of reaching one million

Latest

Cleartrip joins forces with Saudi Arabia’s Flyin

Emerges as the first Indian online travel player to go truly global The strategic transaction cements Cleartrip’s leadership position in the Middle East and North Africa (MENA) region Cleartrip has

Latest

Celebrate ‘Indian Flavours of India’ this Independence at Hyatt Regency Gurgaon

It is a well-known fact that India has a rich and varied culinary landscape. Kitchen District offers you an opportunity to savour this eclectic selection of authentic cuisines from various

0 Comments

No Comments Yet!

You can be first to comment this post!