Anil Ambani, the chief of Reliance Anil Dhirubhai Ambani (R-ADA), is trending on social media on reports of Dassault Aviation s withdrawal even as prime minister (PM) Narendra Modi is on a two-day visit to France. The New Indian Express, reported that Dassault Aviation wants to withdraw from Dassault Reliance Aerostructure Ltd (DRAL), its joint venture (JV) with Mr Ambani-owned Reliance Aerostructure Ltd. The French portal Mediapart has also published a letter, purportedly written by Mr Ambani to the then economy minister Emmanuel Macron and finance minister Michel Sapin soliciting their intervention to evade a 151-million-euro tax claim against his French subsidiary.
The DAC, the top decision-making body for procurement in the defence ministry, also approved a plan for the construction of three more Scorpene submarines in India.
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Updated Feb 05, 2021 | 15:28 IST
The first two submarines are to be commissioned in April and October next year. Two more are planned for 2023, in January and December respectively, after which there are to be four, one each from 2025 to 2028. Representational Image | Photo Credit: PTI
China wants to make eight submarines for the Pakistan Navy, but with Germany not keen to supply the engines, there is a shadow over the entire multi-billion dollar project.
China, sources said, had approached a German firm for the diesel engine for submarines, but the export license does not appear to be forthcoming. If the German firm does not supply the engines, there is trouble ahead as the Pakistan Navy does not appear keen on the Chinese engines available.