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MILITARY / DEFEXPO INDIA 2012

Rossell India, CAE joint venture gets nod from FIPB

Issue No. 7-8 | April 01-30, 2012

Rossell India Limited announced that it has received approval from the Indian Foreign Investment Promotion Board (FIPB) to form a joint venture company with CAE to provide synthetic training solutions for the Indian defence market. Rossell India will hold a 74 per cent share, while CAE will hold the rest.

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