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JV by Anil Ambani's Reliance & Rafael Jet makers,Dassault

JV by Anil Ambani's Reliance & Rafael Jet makers,Dassault

Anil Ambani's Reliance Group has signed a Joint Venture with Dassault Aviation,France makers of Rafael Jets,to be named as Dassault Reliance Aerospace. It will work under Government & Dassault deal to buy 36 Rafael fighter Jets.Deal makes mandatory for Dassault to give Indian Companies business worth Rs.30,000 Cr.After it share price of Reliance Defence &amp Engineering was up by 5.3% to Rs. 581.It will support PM's 'Make in India'