India’s Reliance Infrastructure company will soon sign a contract to build fast patrol vessels for the Indian Coast Guard, its chairman, Anil Ambani disclosed at the company’s annual general meeting in Mumbai on Tuesday.
"The company's focus areas would be defence and metro systems," Ambani said. Pillars of growth will be operation & maintenance, engineering procurement construction, defence and power businesses, DNA India reported today.
RInfra subsidiary Reliance Defence is a part of the partnership to develop defence equipment from private manufacturers.
Defence is a medium to light capital intensive business. The company is eyeing to begin exports, he added.
"We are looking to pursue foreign military sales over next few years. We are one among two companies that can be part of warships and submarine projects.The submarine program entails an order for six submarines for a value of over Rs 60000 Crores ( US$9 billion)," said Ambani.
The company has already signed two joint ventures with Israel. First, it has signed with Rafael to make missiles in India for the Armed Forces. The second joint venture is signed with Elbit to focus on homeland security and border management.
Indias Reliance Defense as received 16 new industrial licences for the manufacture of defense equipment that include armored vehicles, electronic warfare systems, missiles and unmanned aerial vehicles. The equipment will be manufactured at Pithampur SEZ in Madhya Pradesh and MIHAN SEZ near Nagpur
Reliance Defence signed a strategic partnership agreement with Ukraines state-owned firm Ukroboronprom to collaborate on a range of military products including transport aircraft, upgrade of armoured vehicles, maritime gas turbines and unmanned aerial vehicles. The agreement was signed during a meeting between Reliance Group Chairman Anil Ambani and Ukranian President Petro Poroshenko in Ukraine last week, PTI reported
Reliance Defence announced Thursday that it has entered into joint venture with Ukraine's Antonov for making smaller aircraft, which can be used by military and civilian customers. "Reliance Defence Ltd along with Ukraine based State Corporation Antonov have agreed to cooperate on dual version transport aircraft for Military, Para military and Commercial use in India," the Anil Ambani-led group said in a statement
Indian Reliance and Israeli Rafael have agreed to set up a joint venture company in India to manufacture air-to-air missiles, aerostats and air defense systems. The strategic partnership with Rafael Advance Defence Systems of Israel, will mark the entry of Reliance Defence in the complex field of air-to-air and air defence systems manufacturing in India, the company said in a press statement
An Offshore Patrol Vessel (OPV) named ICGS Sujay was commissioned into Indian Coast Guard (ICG) at Goa on Thursday. It is sixth and last in the series of six 105m OPV built indigenously by Goa Shipyard Limited for ICG
Reliance Defence and Engineering Limited (RDEL) today launched the first two Naval Offshore Patrol Vessels (NOPVs) for the Indian Navy at its shipyard in Pipavav, Gujarat. The ships are part of a five ship project being constructed for the Indian Navy
Reliance Defence and Engineering (RDEL) has signed Rs 916 crore contract with Defence Ministry for design and construction of 14 fast patrol vessels for Indian Coast Guard. RDEL emerged winner through a competitive bidding process undertaken by Ministry of Defence with participation from almost all the private sector and public sector shipyards namely, L&T, Cochin Shipyard Ltd, Goa Shipyard Ltd, Garden Reach Shipbuilders & Engineers Ltd (GRSE), the company said in a statement Monday
Fair trade regulator, Competition Commission (CCI) today approved the proposed joint venture between Indian Reliance Aerostructure and French Dassault Aviation. The proposed combination relates to the setting up of a joint venture between Reliance Aero and Dassault -- Dassault Reliance Aerospace Limited, in which Reliance Aero would hold 51 per cent shares, with the remaining 49 per cent to be held by Dassault
Reliance Defence and Engineering has considered to joint venture with Kalashnikov Israel for manufacturing Kalashnikov class of weapons for Indian armed forces. Kalashnikov Israel, a subsidiary of the CAA Company of Israel, has agreed to jointly make Kalashnikov and other small arms with Reliance Defence
Indian troops were ferried into the Pakistan occupied Kashmir territory for ‘surgical strike by ALH Dhruv choppers to destroy seven terror launch pads. This is the first time that the home-grown Advanced Light Helicopter (ALH) has been used in an offensive operation
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