Dassault Systems Opens Subsidiary In India

French aircraft-maker Dassault Systems has opened subsidiary companies in India where earlier this year it bagged a multi-million dollar contract to supply 126 Rafale aircraft to the Indian Air Force. The company named Dassault Aircraft Services India Private Limited (DASIPL) was set up recently and it is 100% owned by its French parent company, officials said. Headed by Richard Lavaud, who has worked in India earlier with defence firms, and ensure the deal is signed with India. Dassault Rafale, won the Indian MMRCA contract after emerging as the lowest bidder and beat out competitor Eurofighter Typhoon, is currently negotiating terms with the MoD. Dassault and Reliance Industries Limited (RIL) have entered into an agreement to partner in the defence and homeland security sectors and are currently working on the Rafale deal. Once the deal has been finalized, Dassault will have to reinvest 50% of the contract's worth back into the Indian defence sector.