Mumbai. 01 December, 2015. Anil Ambani owned Reliance has hired 20 chief experience officers (CXOs) to build its defence business, which includes making fighter jets and submarines.Earlier this year the Reliance Group applied to the Department of Industrial Policy and Promotion (DIPP) for licences to manufacture scientific investigation ships, parts and accessories of aircraft and spacecraft, engines, turbines and radar equipment, to name a few.
Reliance Defence Ltd, established as a unit of Reliance Infrastructure Ltd, also signed a memorandum of understanding (MoU) with Emirates Defence Industries Co. (EDIC), a defence company in the United Arab Emirates (UAE), this year to jointly explore the opportunity for manufacturing and building capabilities in defence vehicles, aviation and associated areas, defence equipment and armament manufacturing, defence electronics, commercial and naval ships, maintenance, repair and overhaul of military equipment and platforms. Reliance Defence has 11 subsidiaries in niche segments of the defence sector.
Department of Industrial Policy and Promotion (DIPP) India has given conditional approval to 11 proposals of eight subsidiaries of Reliance Infra which includes Reliance Defence Technologies Pvt Ltd, Reliance Helicopters, Reliance Propulsion Systems Ltd, Reliance Aero-structure Ltd and Reliance Naval Systems Ltd.
Reliance led by Anil Ambani has chosen Madhya Pradesh as the destination for setting up its manufacturing units. The MP government will allot 400 acres of land in Pithampur and 70 acres in Bhopal for Reliance Group’s projects, sources in Bhopal informed.The Maharashtra government has already allotted 289 acres of land to Anil Ambani’s Reliance Aerostructure Ltd (RAL) in Nagpur for its proposed aircraft and helicopter manufacturing.
In the biggest deal in the defence sector, RInfra had in March announced acquisition of controlling stake in Pipavav Defence and Offshore Engineering for Rs 2,082.3 crore. Pipavav Defence owned the country’s largest dry dock facility to build warships and other naval vessels, now owned by Reliance.
The wind seems to be blowing in the right direction for younger brother’s Reliance pie.
