"The ambition is to develop a complete supply chain allowing the completion of the existing ambitious Rafale (50 per cent) offsets obligations," a statement from Dassault Aviation said.
In September last year, India signed a 7.87 billion euros with France to acquire 36 Rafale jets for the Indian Air Force.
The 50 per cent offset clause means that Indian businesses, both big and small, will gain work to the tune of over three billion Euros.
More than 200 delegates from over 60 Indian and 25 French companies participated in the event organised in cooperation with Rafale Industrial Partners like Thales, Safran and MBDA.
As part of this cooperation between the Indian and French companies, Indian partners will benefit from the technological know-how transfers opportunities.
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