The Competition Commission of India (CCI) approved a joint venture between Reliance Group and Dassault Aviation SA. The fair trade regulator announced its approval in a posting on the microblogging site Twitter. The joint venture, Dassault Reliance Aerospace Pvt. Ltd, between Reliance Aerostructure and Dassault was announced in October. In September, India inked a deal to buy 36 Rafale aircraft from Dassault for INR 590,000 million. The agreement has a 50% offset clause. Of this INR 245,000 million, 74% will have to come from India in goods and services, which could mean a boost for the government's efforts to promote the local manufacture of defence equipment. A filing with the CCI stated that Reliance Aero will hold a 51% stake in the joint venture and the remaining 49% will be held by Dassault. CCI's approval fulfils the regulatory requirements needed by the companies to proceed with the deal. The agreement has a 50% offset clause.