India’s Reliance Defense has entered into a Memorandum of Understanding (MoU) with the Andra Pradesh Government to set up a facility to build nuclear submarines and aircraft carriers.
The facility is said to be co-located with the Indian Navy’s base and BARC’s nuclear facility at Rambilli, approximately 70 Km south of Visakhapatnam.
Given its critical location, from a geo-political and strategic perspective, on the East coast, and its proximity to India’s Naval establishment, including the Coast Guard, and BARC, Vizag is ideally suited for the manufacture of strategic assets such as nuclear sub-marines and aircraft carriers, critical areas of naval defence capability where we need to catch up with the rest of the world,” Anil Ambani, Chairman, Reliance Infrastructures said at Andhra Pradesh Summit in Visakhapatnam Sunday.
It is estimated that the Indian Navy will spend over INR 3 lakh Crore (US $45 trillion) or nearly INR 20,000 Crore (US $3 trillion) per year, on acquisitions and fleet modernisation of submarines and Aircraft Carriers, over the next 15 years, creating a huge pipeline of opportunity for the proposed world class naval facility, he said.
Russian shipbuilder may choose Larson and Tuobro over Reliance Pipavav shipyard as a partner in the upgrade and refit of Indias Kilo-class submarines contract valued at $749 million (INR 5000 crore). “The Russian side has written to the Indian government, informing that an earlier partnership plan with the Anil Ambani promoted Pipavav now stands cancelled as the shipyard would not have been able to meet timelines set by the Navy for the upgrade plan,” Economic Times news daily cited unnamed sources as saying Friday
Reliance Defense Systems has bought Saabs (approximately 3.3 per cent) stake in Indias Pipavav Defense and Offshore
Indias Reliance Defense has entered into a strategic partnership with Russian United Shipbuilding Corp (USC) and Rosoboronexport eyeing multi-billion dollar surface vessel manufacturing, refitting and modernization program for the Indian Navy. India is planning to manufacture four ‘Talwar class frontline warships costing over INR 30,000 crore (US $4
Germany is offering a government-to-government deal for its new generation conventional submarines with underwater endurance to India. The HDW 214 submarines are being offered as a special case for Indian Navys P75i submarine project which involves manufacturing six of them at an estimated cost of over $9 billion,
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
Indian Mazagon Dock Ltd has teamed up with Italian shipbuilder Fincantieri to build stealth frigates. Mazagon Dock (MDL) and Garden Reach Shipbuilders (GRSE) are involved in Indian Navys Project 17A to build seven stealth frigates ordered last year
Indias Defense Acquisition Council (DAC) has approved major policy changes that include increased offset baseline, reduced delays in procedures and emphasis on local production. The DAC has cleared the new clauses to the proposed Defense Procurement Policy (DPP) on Monday
The Indian Army is likely to receive 155-mm/52-caliber self-propelled howitzer, K9 Vajra-T after the gun clears the evaluation trials of the defence ministry. Although the bids were made under the ‘Buy Global provision of the defence procurement procedure, the K9 Vajra-T gun will be made at its Talegaon plant near Pune by the L&T, Indian Express news daily reported Sunday
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