Reliance Defence was 'freely chosen' as offset partner: Dassault Aviation
NEW DELHI: Dassault Aviation, the maker of Rafale fighter jets, said on Wednesday night that it had "freely chosen to make a partnership with India's Reliance Group". The Rafale-maker's clarification came in response to a French media website claim that Dassault Aviation was presented with no option but to tie up with Anil Ambani-led Reliance Defence as the main offsets partner in the Rs 59,000-crore contract for 36 jets.
"Within the framework of the September 2016 Inter-Government Agreement between France and India, Dassault Aviation has sold 36 Rafale aircraft to India. In compliance with the Indian regulations (Defence Procurement Procedure) and as frequent with such a contract, Dassault Aviation has committed to offsets in India worth 50% of the value of the purchase.
In order to deliver some of these offsets, Dassault Aviation has decided to create a joint-venture. Dassault Aviation has freely chosen to make a partnership with India's Reliance Group. This joint-venture, Dassault Reliance Aerospace Ltd (DRAL), was created February 10, 2017," Dassault said in a press release.
"Other partnerships have been signed with other companies such as BTSL, DEFSYS, Kinetic, Mahindra, Maini, SAMTEL,… Other negotiations are ongoing with a hundred-odd other potential partners," the statement added.
French investigative website Mediapart, which last month quoted former French President François Hollande as claiming the Indian government had virtually thrust Reliance Defence as offsets partner on France, on Wednesday said it had a Dassault document proving the same.
The report came even as defence minister Nirmala Sitharaman left for a three-day visit to France on Wednesday night. Mediapart claimed the document showed the alliance with Reliance Defence was indeed presented as "a trade-off" to obtain the contract, quoting a presentation made by Dassault's deputy chief executive officer Loik Segalen to the company's staff representatives in Nagpur.
The partnership with Reliance Defence was described as "imperative and mandatory", as per the report. The French government and Dassault promptly rebutted Hollande's claim last month. The Indian defence ministry, too, dismissed the controversy as "unnecessary", maintaining it had never suggested any company's name as the offsets partner in the deal.
Under the contract, the French companies involved must plough back 50% of the contract value to India as offsets or re-investments. The MoD says, "As per offsets guidelines, the vendor (Dassault) is to provide the details of the offset partners either at the time of seeking offset credits or one year prior to discharge of offset obligations, which in this case will be due from 2020."
The French government said it was "in no manner involved" in the choice of Indian industrial partners which have been, or are being, selected by the French companies involved in the deal.
"French companies have the full freedom to choose the Indian partner companies that they consider to be the most relevant, and then present for the Indian government's approval the offsets projects that they wish to execute with their local partners," it said.
Courtesy: timesofindia
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Indian vessel 'Jag Laadki' carrying over 80,000 MT crude oil reaches Gujarat's Mundra Port
Ahmedabad, Mar 18 (PTI): Indian-flagged tanker 'Jag Laadki', carrying around 80,886 metric tonnes (MT) of crude oil, arrived at Mundra Port in Gujarat on Wednesday amid the West Asia conflict, officials said.
A day earlier, LPG carrier 'Nanda Devi' arrived at Vadinar port in Gujarat's Devbhumi Dwarka district, carrying 46,500 metric tonnes of liquefied petroleum gas (LPG) navigating through the Strait of Hormuz. On Monday, another vessel - 'Shivalik' - carrying LPG docked at Mundra Port.
Adani Ports, which operates Mundra Port, said in a statement that the crude oil carried by Jag Laadki was sourced from the United Arab Emirates (UAE) and loaded at Fujairah Port there.
"Measuring 274.19 metres in length overall and 50.04 metres in beam, the tanker boasts a deadweight tonnage of approximately 164,716 tonnes and a gross tonnage of about 84,735 tonnes," it said.
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The tanker's arrival at the Mundra Port underscores the facility's critical role in handling substantial crude imports, it said.
"This delivery supports major refinery relies on such shipments to maintain operations and bolster India's energy security during supply disruptions in the region," Adani Ports added.
The port provided the safe berthing of the vessel and maritime coordination in safeguarding vital energy lifelines of India, it said.
Fujairah Port in UAE faced drone and missile attacks during the ongoing Israel-US and Iran war.
India imports about 88 per cent of its crude oil, 50 per cent of natural gas and 60 per cent of LPG needs. Before the US-Israel strikes on Iran on February 28 and Tehran's retaliation, more than half of India's crude imports, about 30 per cent of gas and 85-90 per cent of LPG imports came from Middle East countries such as Saudi Arabia and the UAE.
The conflict has led to a blockade of the Strait of Hormuz, the main transit route for Gulf energy supplies. While India has partly offset crude supply disruptions by sourcing oil from countries including Russia, gas supplies have been curtailed to industrial users and LPG availability to commercial establishments such as hotels and restaurants has been reduced.
