'Don't Terrorise Us on Tax': Rafale Engine Manufacturer to Rajnath

The Quint
Defence Minister Rajnath Singh visits SAFRAN - the engine making facility for Rafale fighter jet, in Paris.

India should provide an attractive business environment and not "terrorise us" with its tax and customs rules, the CEO of the French engine manufacturer behind the Rafale fighter jet told Defence Minister Rajnath Singh on Wednesday, 9 October, while announcing that the company plans to invest nearly 150 million dollars in the country.

French multinational Safran, the manufacturer of the M88 state of the art engines fitted in the Rafale jets acquired by India, gave a presentation of its facility to the minister who took a tour of the assembly line of the company near Paris.

"Visited the Engine Manufacturing Facility of Safran at Villaroche near Paris today. Safran is known for its engine making capabilities. They have also developed the engine for Rafale," Singh said in a tweet.

"Happy to meet some of the young and bright engineers of Indian origin working at the Safran manufacturing facility. Their technical knowledge and hard work is impressive and inspiring," he said.

Rajnath Singh Receives 1st Rafale Jet, Calls It 'Historic Day'

However, the CEO called on India for more support on its tax structure.

"India is set to become the third largest commercial market for aviation and we are keen to create a strong maintenance and repair base in India to serve customers," Andries said.

"But we need to make sure that the Indian tax and customs system is not terorrising us," he said.

'Make in India Provides Right Climate for Investments'

Disclaimer: This is an automatically aggregated article/story by a computer program and has not been created or edited by Newsdig.in.
Advt
Advt
Advt
sitemap Disclaimer
Newsdig.in 2019