Some pertinent facts are that Reliance owned 51% and Dassault owned 49% in the joint venture i.e. (DRAL). Reliance and Dassault had agreed to a maximum investment of 169 Million Euros, wherein Dassault (49% of stakeholders), pledged to provide 159 Million Euros i.e. 94% of the total agreed maximum investment. Reliance is 51% of the stakeholder was bringing only 10 Million Euros. It is important to note that as per clause 4.4.1 of the agreement between Reliance and Dassault, Reliance was to provide production facilities and 바카라marketing for programme and services with the GOI바카라. Obviously, this references the ties of Reliance with the current government. Under the agreement between Reliance and Dassault, Hindustan Aeronautics Limited i.e. HAL was excluded; as now DRAL was in charge of Rafale바카라s 바카라Aircraft Final Assembly Line바카라. On 25th March 2015, Mr Eric Trappier, CEO of Dassault Aviation, in presence of the Chief of Indian Air Force and Chairman of HAL, stated in Bangalore that Dassault and HAL were in agreement as per the RFP signed by them. Intriguingly, on 26th March 2015, Reliance and Dassault signed an MoU. This took place a mere 15 days before the announcement by the Prime Minister, Narendra Modi on 10th April 2015 to purchase 36 Rafale Aircraft for 7.8 Billion Euros without any transfer of technology and overhauling the Congress-UPA global tender to purchase the 126 Aircraft.