Reliance Infra To Build Fast Patrol Vessels For Indian Coast Guard

  • Our Bureau
  • 02:00 PM, September 28, 2016
  • 2915
Reliance Infra To Build Fast Patrol Vessels For Indian Coast Guard
File photo of Indian Coast Guard vessel, ICGS Shoor

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.

Also Read

Reliance Defense Eyeing Indian Defense Market Worth $100 Bn, Receives 16 New

May 6, 2016 @ 09:46 AM

Reliance, Ukroboronprom Collaborate For Military Transport Aircraft

May 2, 2016 @ 03:02 PM

Reliance, Antonov JV To Develop Military and Civil Aircraft

April 1, 2016 @ 12:33 PM

Reliance, Rafael to Partner In Air-to-Air Missiles, Air Defense Systems

March 29, 2016 @ 12:21 PM

ICGS Sujay: Indian Coast Guard Commissions Sixth 105m Offshore Patrol Vessel

December 22, 2017 @ 01:14 PM

Reliance Defence Launches First Two Offshore Patrol Vessels For Indian Navy

July 25, 2017 @ 07:20 PM

Reliance Wins $134 Million To Design, Construct 14 Patrol Vessels For Indian

January 30, 2017 @ 02:05 PM

Indian Regulator Approves Reliance-Dassault Joint Venture

January 28, 2017 @ 08:51 AM

India's Reliance Defence To Manufacture Kalashnikov weapons In JV With Israeli Firm

November 15, 2016 @ 10:34 AM

India's Dhruv Helicopter Ferried Troops For 'Surgical Strike' Inside PoK

September 29, 2016 @ 02:29 PM