Eyeing the Indian MOD's US $15.7 billion (INR 1 trillion) plan for manufacturing six nuclear-powered submarines and seven stealth warships, Indian conglomerate, Reliance Infrastructure is scouting for an international partner in Russia.
Reliance Infrastructure which has 18 per cent stake in Pipavav Defense and Offshore Engineering, India’s largest defense shipyard to manufacture warships has floated three subsidiaries, Reliance Defense Systems, Reliance Defense Technologies and Reliance Defense & Aerospace in a move to pursue opportunities in the defense sector.
Reliance executives are expected to meet Russian defense minister Sergey Shoigu in Moscow this week to identify a potential Russian JV partner with technology expertise for manufacturing warships in India, Economic Times quoted an unnamed source aware of the discussions as saying on Friday.
The JV may involve one of the defense subsidiaries of Reliance Infrastructure, the person cited above said.
Reliance will be pitching for the centre’s US $9.4 billion (INR60000 Crore) defense contract for locally manufacturing six nuclear submarines.
“We are deeply committed to investments in the defense sector and the PM’s Make In India program,” a Reliance group spokesman was quoted as saying in an email response to ET.
The Russian government declined to share specifics but said it is open to talks with Indian partners. “The Russian side is open to negotiations with Indian partners on various projects, including cooperation and JV to manufacture modern defense equipment,” SV Karmalito, senior counselor in the Russian embassy, said in an emailed response to ET’s queries.
Reliance executives has so far visited China, Latin America, the US and Finland in their search for a potential partner.
The Indian Air Force has demonstrated landing of a Mirage-2000 aircraft on the Yamuna Expressway, a national highway between Delhi and Agra today, it was revealed by the Indian MOD. The aircraft had got airborne from an IAF bases in Central India
Russia has offered to upgrade Indias existing short-range Strela-10M3 mobile air defence system to the level of the Strela-10M4 or Strela-10MN (night version), RIA Novosti reported Tuesday. “During a meeting of the Russia-India Inter-governmental Commission (IGC), we made a technical proposal to India for the modernization of the Strela-10M3 SAM (surface-to-air missile) systems
Indias DRDO Defence Research and Development Organisation (DRDO) plans to set up a new missile launch facility at Nagayalanka in Krishna district, Andhra Pradesh. Its lone missile test facility is off the Orissa coast in the Bay of Bengal
Import of Dassault Rafale aircraft into India will be tax free, according to sources in the Indian finance ministry. “Since, it is government-to-government (G2G) deal, it will not attract any duty (basic custom duty, special additional duty SAD or counter veiling duty CVD),” a senior Finance Ministry official was quoted as saying by the Businessline daily
Indian Navys fourth Anti-Submarine Warfare Corvette, Kavaratti, being built by Garden Reach Ship Builders and Engineers (GRSE) has been launched by wife of Minister of State for Defense, Inderjit Rao in Kolkata today. Of the other three ships of the same class, INS Kamrota was delivered to the navy in 2014
Indias inter-ministerial committee has cleared 32 proposals for setting up manufacturing units in defense and explosive sectors. Of the 32 proposals cleared 25 of them were from defense manufacturing sector and seven from explosive sector
Indias Reliance Defense (RDL) and Abu Dhabi Ship Building (ADSB) have signed a memorandum of understanding (MoU) for construction of naval ships, including frigates and destroyers for Gulf Cooperation Council (GCC), over the next 10 years. "Under this MoU, RDL and ADSB are investigating the opportunity to set up a strategic partnership for the construction of naval ships - including frigates, destroyers and other specialized vessels to address the Gulf Cooperation Council (GCC) over the next 10 years," a statement by the Reliance Group said Monday
Thales will supply sighting systems and ancillary equipment to General Dynamics for the production of UKs Specialist Vehicle (SV) program. Under the terms of the £125 million (US $195 million) contracts, Thales will supply 245 vehicle sets, each consisting of a Primary Sight, Local Situational Awareness (LSA) camera system and Smoke Dispenser, over a 5 year program between 2016 and 2021, specifically for the Scout variant of the vehicle, the company said in a statement Thursday
OIS AT announced today that it has concluded a joint venture with French Rafaut SAS for joint research and development of a range of weapons- to- aircraft interface devices and flight controls equipment and sub-systems as part of the curtain raiser to the upcoming Paris Air Show next month. With this partnership OIS-AT is set to leverage the French firms know how to undertake manufacture of pylons and allied interface equipment that carry munitions and stores on aircraft and helicopters here in India at a new facility planned in Bengaluru
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