Competition Commission has given approval, to the joint venture between Reliance Aerostructure and Thales India.

Reliance Infrastructure promoted Reliance Aerostructure will have 51% stake in the entity and the joint venture will be known as Thales Reliance Defence Systems .

A joint statement from the companies, last year stated, “Leveraging Thales offset commitment as part of the Rafale contract, the joint venture is to develop Indian capabilities to integrate and maintain the radar and electronic warfare sensors.”

Further, the joint venture will develop skills and activity in the Special Economic Zone of Mihan-Nagpur, together with an Indian supply chain for the manufacturing of microwave technologies and high performance airborne electronics.

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