A news item, dtd. Oct. 11 2018, carried by the Dassault website informs as under:
<<Our joint-venture with India’s Reliance will meet about 10% of Dassault Aviation’s offset (compensations) obligations required by the 36 Rafale fighters contract with New Delhi, said Thursday Eric Trappier, the CEO of Dassault Aviation, to AFP as the choice of this company is disputed in India.>> (Ref.: < https://www.dassault-aviation.com/en/group/news/afp-dispatch-rafaleindia-jv-reliance-will-deliver-10-overall-offsets-dassault-aviation-ceo/ >) This has, in turn, been, immediately thereafter, duly picked up, without raising a very obvious question, by various Indian news outlets. Ref. e.g.: 'Offset with Reliance Defence only 10% of obligation, in talks with 100 other Indian companies: Dassault CEO on Rafale deal' at < https://timesofindia.indiatimes.com/india/offsets-with-reliance-defence-only-10-of-obligation-in-talks-with-100-other-indian-companies-dassault-aviation-ceo/articleshow/66170388.cms> and 'Reliance Has 10% Offset In Rafale, In Talks With 100 Firms: Dassault CEO' at < https://www.ndtv.com/india-news/reliance-has-10-per-cent-of-offset-in-rafael-deal-dassault-ceo-1930737 >. The obvious question that arises is that what about the various earlier reports dished out by them? Who'd explain? Let's have a look a small small sample. I. <<Even as BEL, Bharat Dynamics Ltd, Samtel and other defence companies, are readying to get a slice of the estimated Rs. 30,000 crore Rafale offset contract, Reliance Defence has already walked away with a major chunk of the deal. The Rafale offset contract is India's biggest ever. With two joint ventures in a row related to the $8.8-billion Rafale aircraft, Anil Ambani's Reliance Group is looking to target business worth Rs. 21,000 crore as part of the offsets. Last year, Reliance Aerostructure had entered into a 51:49 joint venture with Dassault Aviation. The new JV with Thales will help the Indian major execute Thales’ offset obligation amounting to $1billion.>> (Ref.: 'Reliance Defence corners offset contracts worth Rs. 21,000 crore on Rafale deal; June 21 2017, at < https://www.thehindubusinessline.com/companies/reliance-defence-corners-offset-contracts-worth-21000-crore-on-rafale-deal/article9732240.ece >.) II. <<With a new joint venture announced with French aerospace giant Dassault Aviation, Anil Ambani’s Reliance Group is set to get a big slice of the Rafale fighter jet deal and will target business worth Rs 20,000 crore as part of the offsets for the contract.>> (Ref.: 'Anil Ambani to get big slice of Rafale deal via Dassault JV', Oct. 4 2016, at < https://economictimes.indiatimes.com/news/defence/anil-ambani-to-get-big-slice-of-rafale-deal-via-dassault-jv/articleshow/54653647.cms >.) III. <<Shares of Reliance Defence and Engineering rose over 2 percent intraday on Tuesday, after a media report stated that the company's joint venture with Dassault Aviation will get a big chunk of the Rafale jet deal and will target businesses worth Rs 20,000 crore as part of the offsets for the contract. The company, at an analyst meet held on Monday, said that the JV is looking to make a supply chain for Rafale jets in India.>> (Ref.: 'Reliance Defence soars over 2% on Dassault deal gain buzz', Feb. 28 2017, at < https://www.moneycontrol.com/news/business/stocks/reliance-defence-soars-over-2dassault-deal-gain-buzz-1034052.html >.) IV. A web portal ( http://www.sify.com/finance/was-reliance-defence-floated-days-prior-to-modi-s-rafale-announcement-will-anil-ambani-s-personal-sadness-persist-news-business-sh0penbddjfgi.html), as a part of its analytical comment, dtd. July 26 2018, carried a twitter by Prashant Bhushan, dtd. June 21 2018 recording that "we find Reliance Def gets >20k Cr in offsets of deal. Smoking gun". >From the above, it becomes quite clear that since at least early Oct. 2016, the Reliance / Anil Ambani is repeatedly claiming that its share of the Rafale offset is around Rs. 20,000 crore, out of total Rs 30,000 cr. offset - 50% of the total contract value of about Rs. 60,000 crore.. There was no denial from any whatever quarter, let alone the Dassault. Now, after just over two years, all of a sudden, the Dassault CEO is announcing that the share of its JV with the Reliance in the offset pie is just 10% (not two-third or 67%). Yet the Indian news channels are simply relaying it, without raising any whatever query. A very sad state of affairs indeed! Sukla -- Peace Is Doable -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send an email to [email protected]. Visit this group at https://groups.google.com/group/greenyouth. For more options, visit https://groups.google.com/d/optout.
