Published on 16 August 2017

Business moghul Ambani is key partner for defence contracts between France and India

Ambani is the key intermediary for the French military-industrial complex in 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.

This article may be accessed by subscribers and e-wallet holders (EUR 14)
Log in to read more

Subscribe or Pay-Per-Article
Discover our offers
INDIA 20/09/2017

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. [...]

FRANCE INDIA 21/06/2017

Anil Ambani, head of Reliance, places its hopes in Rafale offset 

Anil Ambani, head of Reliance Group
Anil Ambani, head of Reliance Group ©Bloomberg

Anil Ambani's Reliance, the local partner of Dassault for the Rafale, has made some missteps that could jeopardize the deal. [...]

FRANCE INDIA 05/04/2017

After Saudi Arabia, Chaltiel goes to India 

After being involved in the DONAS contract, which later transformed [...]

Spotlight FRANCE INDIA 23/11/2016

Rafale's partner in Delhi now woos Paris 

Indian magnate Anil Ambani, a close friend of Prime Minister Narendra Modi and the French defence industry's new ally in India, has been carefully working his contacts in Paris to position himself as the go-to intermediary at a boom time [. [...]

FRANCE 26/10/2016

Dassault, DCNS, Pigasse share Indian ally 

Indian billionaire businessman Anil Ambani, a close friend of Prime Minister Narendra Modi, is being wooed by a number of French companies. [...]

INDIA 12/10/2016

Ambani, Dassault's surprise partner in India 

The creation of a joint venture between Dassault and Reliance has come as a surprise since the Indian conglomerate is not in the best financial health. [...]

New: Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

By continuing your visit to this site, you accept the use of cookies allowing us to adapt and enhance your experience. Read more