The Competition Commission of India (CCI) has said that a joint venture (JV) between Reliance Aerostructure and Thales India was unlikely to have an appreciable adverse effect on competition in India. The green light from the CCI on 9 February clears the road for the two companies to fulfil the offset obligations under a contract that will see the Indian Air Force purchase 36 Dassault Rafale combat aircraft.
The JV also aims to support the Make in India campaign by developing skills and activity in the special economic zone of Mihan-Nagpur, together with an Indian supply chain to manufacture microwave technologies and high-performance airborne electronics.
A team from Khaitan & Co filed Form I under the CCI’s combination regulations on 27 December 2017. The team comprised partner Manas Kumar Chaudhuri, senior associates Pranjal Prateek and Dhruv Rajain and associate Arunima Chatterjee.