CEO Hassiation Dassault (Chief Operating Officer) Eric Trappier's accusations made by President of the Party of Congress Rahul Gandhi said he was worried about the details of the Dassault-Reliance Joint Venture (JV) for offsetting contracts in the Rafale Jet deal.
"I do not lie The truth I declare from the front and the statements I made in fact I do not have a reputation to lie In my office as CEO you do not lie, "said Trappier when asked to respond to Rahul Gandhi's pay for Dassault to cover potential cronyism when adjudicating the offsetting agreement to the Reliance Group led by Anil Ambani.
Rahul Gandhi claimed a press conference on November 2, claiming that Dassault was investing 284 crores Rs in a company that made a loss promoted by Anil Ambani who was used to acquire land in Nagpur. "Dassault CEO is apparently lying. If an investigation starts on this, Modi is not going to survive." Guaranteed, "added Gandhi.
Speaking to ANI in the Dassault hangar located in the Istres-Le Tube Air, located to the north of the French city of Marseille, Dassault CEO Eric Trappier said they had previous experience dealing with the Congress party and the comments made by Congress president were sad.
"We have a long experience with the Congress party, our first deal with India in 1953 with Nehru and other Prime Ministers, we have been working with India. We do not work for any party. We supply strategic products as fighters to the Indian Air Force (IAF) and Indian Government. That's the most important thing, "said Trappier.
When she was pressed further for the reason behind choosing Reliance Dassault as an offset partner who had no experience in manufacturing shutdown jets, Trappier explained that the money that was being invested did not go to Reliance directly but in Cyd -Fenter (JV) which included Dassault.
"We do not give the money to Reliance, the money goes into the JV. I give my free information on how to generate people. I have engineers and Dassault's employees are taking the lead as far as the industrial part of this bargain. At the same time, I have an Indian company such as Reliance who gives money to this JV because they want develop their country, so the company will know how to produce aircraft, "added Trappier.
Trappier explained further about the investments made by Dassault, adding that Reliance would be in line with the amount as the share pattern was 49% Dassault and 51% Reliance in line with the specified Government norms.
"We have to be in this company with a total of around £ 800 crore at 50:50. For the time being, to start working in the hangar and to pay workers and employees, we have already given crore of £ 40. But it will be increased to $ 800 crore, which suggests a 400 400 RS drain by Dassault in the next five years, "said Trappier.
He added that Dassault had seven years to perform his offset. "In the first three years, we do not have to say who we are working with. We have already settled work and agree with 30 companies, which represents 40% of all Objection offset by contract. Addiction is 10% out of 40, while a 30% rest is a direct agreement between these companies and Dassault, "said Trappier.
In terms of the pricing issue, the CEO stated that the air crews were cheaper by 9%. "Price 36 was exactly the same when you compared to 18 flights. 36 is the double of 18, so as long as I was worried, it should have been double the price. because it was government for the government, there was some discussion, I had to reduce a price of 9%. The price of Rafale in aviation condition is less expensive in the 36 contracts or 126 contracts, "he said.
When asked for the initial agreement with Hindustan Aeronautics Limited (HAL) and the subsequent analysis of conversations with Indian PSUs for the production of Rafale jets, Dassault's Chief Executive stated that if the initial agreement was 126 jet goes through they would not have been pleased to work with HAL and Mukesh Ambani led by Reliance.
"The reason because the 126 did not go smoothly that the Government of India had to reconfigure in order to urgently procure 36 of France. And then I took the decision to continue with Reliance, and HAL said even in the last few days that they did not have Interesting to be part of the offset. So my decision has to make and the decision of Reliance to invest in a new private company, "added Trappier.
He added that Dassault was earlier in discussions with a number of other companies for matching ties. "Obviously, we could have gone to Tata or other family groups. At the time, Dassault was not given the decision to proceed. We were in 2011, while Tata also discussed with other airlines. Finally, it was decided to move forward with Reliance as they have experience in large engineering facilities, "said Trappier.
Speaking about the plane, Dassault's Chief Executive explained that all existing instruments would have all the necessary equipment but not weapons and shoulders. "The weapons will be sent in a different contract, but the airplane with everything other than weapons will be sent by Dassault," he said.
(This story has been published by a wire agency feeder without modifications to the text. Only the heading that has changed).
First Published: Nov 13, 2018 11:03 AM