France to invest 50% worth contracts in defence related sectors: Rafale deal

• India and France have firmed up an understanding on the offsets segment under which the French have agreed to invest 50 per cent of the deal’s worth in related sectors.
• French aircraft manufacturer Dassault had already reached out to Indian companies in the defence and security industry for possible Make in India partnerships.
• Estimated at $4.5 billion, or about Rs 30,000 crore, this will make it one of India’s biggest-ever offsets deals.
• Both the governments will eventually work out an intergovernmental agreement through which the French government will stand guarantor to all commitments that Dassault will undertake in the contract.

Source: EconomicTimes