SAAB and Lockheed slug it out for Indian fighter plane contract
Keen to build up a fleet of 400 fighter planes over the coming years, New Delhi is dazzling defence companies with the prospect of mega-deals. [...]
Published on 16 August 2017
Business moghul Ambani is key partner for defence contracts between France and India
In just a few months, Indian business tycoon Anil Ambani has established himself as the key intermediary for virtually the whole of the French military-industrial complex in India. He has close relations with Indian prime minister Narendra Modi, who has been in power since 2014. Since then, Modi has signed several major contracts with French industrial groups partnered by Ambani. The leading one among them is Dassault, which signed a mega contract for the sale of 36 Rafale fighter aircraft with India in September 2016. Thanks to this and other contracts, the flamboyant business magnate has been able to restore his financial health after the failure of several large-scale ventures which have been carefully edited out of his officially biography. How has Ambani been able to win the loyalty of French business groups? Has he the financial solidity to meet the commitments he has taken on in the defence sector? Over the last 12 monts, Intelligence Online has taken a long, hard look at the connections of the man who has become the key channel for business between France and India. Read the results below.
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Anil Ambani, head of Reliance, places its hopes in Rafale offset
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INDIA 12/10/2016
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