New Delhi : A unit of Reliance Infrastructure and France’s Dassault Aviation have partnered to manufacture Falcon 2000 business jets in India, the companies said in a joint statement on Wednesday. The companies will establish the final assembly line for the jets in Nagpur city in the western Indian state of Maharashtra, marking the first instance of Dassault manufacturing Falcon 2000 jets outside France, the statement added.
The French firm aims to deliver the first made-in-India jets by 2028 for corporate and military use. Reliance Infrastructure shares shot up 5% after the news in afternoon trading. India, the world’s biggest arms importer, has been looking to step up domestic production, with global firms pushed to produce in India – either on their own or in collaboration with domestic partners.
New Delhi also aims to boost defence exports, which jumped 12% in the fiscal year to end-March, to $2.76 billion. Dassault will make Falcon 2000 jets outside France for the first time, the statement said, as it partners with tycoon Anil Ambani-owned Reliance Aerostructure to set up the final assembly line in the western Indian city of Nagpur. Reliance Infrastructure shares jumped 5% after the news in afternoon trading, while Dassault shares were largely flat.
A French aerospace giant with over a century of experience, Dassault Aviation has delivered over 10,000 military and civil aircraft, including 2,700 Falcon jets, to more than 90 countries. The company is renowned for its expertise in the design, production, sale, and support of a wide range of aircraft, from the Rafale fighter jet to the high-end Falcon family of business jets, military drones, and space systems. In 2024, Dassault Aviation reported revenues of €6.2 billion and employed 14,600 people.
Reliance Aerostructure Limited is a subsidiary of Reliance Infrastructure Limited, a key constituent of the Reliance Group. The Group’s prominent companies, Reliance Infrastructure Limited and Reliance Power Limited, are reported to be debt-free with zero outstanding loans from banks or financial institutions. The Reliance Group’s financial strength is reflected in its net worth and annual turnover, each amounting to approximately INR 33,000 crore, and a market capitalization of around INR 45,000 crore, supported by a shareholder base exceeding 4 million.
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