Business
Dassault Aviation and Tata Advanced Systems Collaborate to Produce Rafale Fuselage in India
Tata Advanced Systems will establish a state-of-the-art production facility in Hyderabad dedicated to manufacturing essential structural components of the Rafale, including the lateral shells of the rear fuselage, the complete rear section, the central fuselage, and the front section.
The initial fuselage sections are slated to come off the assembly line in FY2028, with the facility projected to produce up to two complete fuselages monthly.
“For the first time, Rafale fuselages will be manufactured outside of France. This is a pivotal moment for our supply chain in India. With the support of local partners like TASL, a significant player in the Indian aerospace sector, we aim to enhance the successful production of the Rafale while adhering to our quality and competitiveness standards,” stated Eric Trappier, Chairman and CEO of Dassault Aviation.
The signing of these agreements underscores Dassault Aviation’s strong dedication to India’s ‘Make in India’ and ‘Atmanirbhar’ initiatives, aiming to solidify India’s role as a significant participant in the global aerospace supply network while promoting greater economic self-sufficiency.
“This collaboration marks a considerable milestone in India’s aerospace evolution. Manufacturing the complete Rafale fuselage in India highlights the trust in Tata Advanced Systems’ expertise and the strength of our partnership with Dassault Aviation,” remarked Sukaran Singh, CEO and Managing Director of Tata Advanced Systems Limited. He also emphasized the remarkable strides India has made in establishing a modern, robust aerospace manufacturing ecosystem capable of supporting global platforms.
Earlier this year, India signed a landmark ₹63,000 crore deal with France for the acquisition of 26 Rafale-Marine fighter jets, enhancing the Indian Navy’s capabilities amidst rising security concerns regarding China in the Indo-Pacific region. The procurement will occur under an Inter-Governmental Agreement, ensuring direct deliveries without intermediaries. The contract includes 22 single-seater jets and four twin-seater trainers, with completion of deliveries expected by 2031.
Gold prices in India recorded a slight increase on January 19, 2026, supported by global market trends, local demand, and movements in the rupee-dollar exchange rate.
As per market estimates, 24-carat gold, which is considered pure gold, is priced at ₹14,569 per gram, or ₹1,45,690 per 10 grams. 22-carat gold, commonly used for jewellery, is trading at around ₹13,355 per gram, or ₹1,33,550 per 10 grams.
The prices have risen marginally compared to the previous day. The increase is mainly linked to a weaker Indian rupee against the US dollar, which makes imported gold more expensive.
Gold rates vary slightly across cities such as Mangalore and other parts of the country. These differences depend on local taxes, transportation costs, jeweller margins, and regional demand.
Demand for gold remains strong due to the wedding season and festive buying, which continues to support higher prices. Investors also turn to gold during uncertain economic conditions, as it is seen as a safe-haven asset.
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Experts say that global geopolitical developments, inflation concerns, and central bank policies are also influencing international gold prices, which in turn affect domestic rates.
Market participants expect gold prices to remain firm in the near term if the rupee stays weak and demand continues at current levels.
Gold prices witnessed a mild decline in the domestic bullion market on January 16, 2026. The price of 24-carat gold was recorded at ₹143,080 per 10 grams. This marked a fall of ₹360 compared to its previous closing price, indicating a soft trend in the precious metal market.
Similarly, the price of 22-carat gold also moved lower. It was trading at ₹131,157 per 10 grams during the day. The decline in gold prices reflects cautious sentiment among investors amid changing global economic signals.
Market experts said gold prices were affected by fluctuations in international markets and movements in the US dollar. Profit booking by investors at higher levels also contributed to the marginal drop in prices.
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Despite the decline, demand for gold remains steady in the domestic market. Jewellers reported moderate buying interest, especially for 22-carat gold used in jewellery. Industry participants are now closely watching global inflation data, interest rate trends, and geopolitical developments.
Gold prices are expected to remain volatile in the coming days. Investors are advised to keep an eye on global cues and currency movements before making fresh investments.
Silver prices fell sharply from record levels in the national capital on Thursday due to global profit-booking. The price of silver dropped by ₹12,500 to ₹2,43,500 per kilogram.
According to the All India Sarafa Association, the white metal had touched a record high of ₹2,56,000 per kilogram in the previous trading session on Wednesday. Silver had surged by ₹5,000 in that session amid strong global cues.
Gold prices also weakened on Thursday. The yellow metal declined by ₹900 per 10 grams in the local market. Traders attributed the fall to selling pressure after recent gains.
Market experts said that a rise in global prices earlier had encouraged investors to book profits. This selling pressure impacted both silver and gold prices in the domestic market.
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They added that movements in international bullion prices and a stronger dollar also influenced the decline. Investors are now closely watching global economic signals for further direction in precious metal prices.
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