In a major development for Anil Ambani-led Reliance Infrastructure the company’s shares have surged up to 4 percent in recent days reaching an intraday high of Rs 403. The reason behind the sudden surge in the company’s shares is a major deal. On Wednesday Reliance Infra announced that it inked a deal with French giant Dassault Aviation. Reliance Aerostructure which is a subsidiary company of Reliance Infrastructure has entered into a partnership with French aircraft maker Dassault Aviation to manufacture Falcon 2000 business jets. These jets will be manufactured in India for global markets. Notably Dassault Aviation is the French company that makes the powerful 4.5-generation fighter jet Rafale. The Partnership The partnership between Reliance Infra and Dasault Aviation is a significant step towards advancing the country’s manufacturing capabilities in the aeronautics sector. The partnership is also important because Dassault Aviation is going to manufacture the Falcon 2000 jet outside France for the first time. The state-of-the-art assembly line for the aircraft will be set up in Maharashtra’s Nagpur city. It is not a significant development for Reliance Infra but also for the Indian aeronautics and manufacturing industry. The agreement has made the way for India to join the club of countries manufacturing next generation business aircrafts along with major players like - US France Canada and Brazil. The Mega Plan Dassault Aviation and Reliance Aerostructures formed a joint venture (DRAL) in 2017. This venture immediately commenced operations at a new manufacturing facility in Nagpur India. The facility will serve as Dassault Aviations first Falcon aircraft assembly center outside of France specializing in the Falcon 6X and Falcon 8X programs. What Did The Company Say? According to Eric Trappier Chairman and Chief Executive Officer (CEO) of Dassault Aviation This new agreement once again signals our firm intention to fulfil our Make in India commitments and contribute to Indias recognition as a key partner in the global aeronautical supply chain. This agreement will make the joint venture the first center of excellence for Falcon assembly outside France. This will eventually enable the establishment of the final assembly line for the Falcon 2000. Reliance Group Founder Chairman Anil Ambani stated that the partnership with the French company is a milestone for the Reliance Group. Our partnership with Dassault Aviation is a milestone in the journey of the Reliance Group as we work together to firmly establish India as an important hub in the global aeronautical value chain Ambani said. Indias first domestically assembled Falcon 2000 is projected to take its maiden flight by 2028. This follows an announcement detailing the relocation and modernization of assembly operations intended to meet increasing global demand. The expansion is expected to create hundreds of engineering and technical jobs over the next ten years.