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Reliance Defence signs ammunition pact with Serbia

Govt's military indigenisation plan has spawned another tie-up

Arindam Majumder  |  New Delhi 

anil, reliance, ambani
Reliance, which has virtually no experience of defence manufacturing, is looking at turning into a defence major in the coming years.

The government’s military indigenisation plan has spawned another tie-up.

Anil Ambani-led has entered into a strategic partnership with Serbia's state-run defence major Yugoimport to manufacture in The Serbian maker has offered to provide fully-compliant technical solutions to meet the ‘Make in India’ requirements of the Indian government.

Reliance, which has virtually no experience of defence manufacturing, is looking at turning into a defence major in the coming years. The company said it was targeting Rs 20,000 crore of business from the Indian armed forces over the next 10 years. 

“Two will work together in the field of ammunition, with a projected minimum requirement of Rs 20,000 crore over the next 10 years from the Indian armed forces,” said.

The company will undertake manufacturing and develop future technologies at a greenfield facility, the location of which has not been decided yet.

In October 2016, the had entered into a strategic partnership with of (Rafale) to execute the largest defence offset contract worth about Rs 30,000 crore. This was subsequent to getting a contract to supply 36 Rafale fighter aircraft to for Rs 60,000 crore with 50 per cent offset clause. The deal with Dassault is a bet that Reliance can build manufacturing units at Nagpur to feed into Dassault’s supply chain, or for future orders of the

Industry sources said timing of the partnership was critical as the has recently issued eight requests for proposal (RFP) for different grades of up to April. The two will bid for the 122 mm Grad Rocket, 23 mm ammunition, 40 mm and 125 mm FSAPDS Tank  

According to the executive, the requirement for is likely to go up as the government looks towards more indigenisation.

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Reliance Defence signs ammunition pact with Serbia

Govt's military indigenisation plan has spawned another tie-up

Govt's military indigenisation plan has spawned another tie-up
The government’s military indigenisation plan has spawned another tie-up.

Anil Ambani-led has entered into a strategic partnership with Serbia's state-run defence major Yugoimport to manufacture in The Serbian maker has offered to provide fully-compliant technical solutions to meet the ‘Make in India’ requirements of the Indian government.

Reliance, which has virtually no experience of defence manufacturing, is looking at turning into a defence major in the coming years. The company said it was targeting Rs 20,000 crore of business from the Indian armed forces over the next 10 years. 

“Two will work together in the field of ammunition, with a projected minimum requirement of Rs 20,000 crore over the next 10 years from the Indian armed forces,” said.

The company will undertake manufacturing and develop future technologies at a greenfield facility, the location of which has not been decided yet.

In October 2016, the had entered into a strategic partnership with of (Rafale) to execute the largest defence offset contract worth about Rs 30,000 crore. This was subsequent to getting a contract to supply 36 Rafale fighter aircraft to for Rs 60,000 crore with 50 per cent offset clause. The deal with Dassault is a bet that Reliance can build manufacturing units at Nagpur to feed into Dassault’s supply chain, or for future orders of the

Industry sources said timing of the partnership was critical as the has recently issued eight requests for proposal (RFP) for different grades of up to April. The two will bid for the 122 mm Grad Rocket, 23 mm ammunition, 40 mm and 125 mm FSAPDS Tank  

According to the executive, the requirement for is likely to go up as the government looks towards more indigenisation.
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Business Standard
177 22

Reliance Defence signs ammunition pact with Serbia

Govt's military indigenisation plan has spawned another tie-up

The government’s military indigenisation plan has spawned another tie-up.

Anil Ambani-led has entered into a strategic partnership with Serbia's state-run defence major Yugoimport to manufacture in The Serbian maker has offered to provide fully-compliant technical solutions to meet the ‘Make in India’ requirements of the Indian government.

Reliance, which has virtually no experience of defence manufacturing, is looking at turning into a defence major in the coming years. The company said it was targeting Rs 20,000 crore of business from the Indian armed forces over the next 10 years. 

“Two will work together in the field of ammunition, with a projected minimum requirement of Rs 20,000 crore over the next 10 years from the Indian armed forces,” said.

The company will undertake manufacturing and develop future technologies at a greenfield facility, the location of which has not been decided yet.

In October 2016, the had entered into a strategic partnership with of (Rafale) to execute the largest defence offset contract worth about Rs 30,000 crore. This was subsequent to getting a contract to supply 36 Rafale fighter aircraft to for Rs 60,000 crore with 50 per cent offset clause. The deal with Dassault is a bet that Reliance can build manufacturing units at Nagpur to feed into Dassault’s supply chain, or for future orders of the

Industry sources said timing of the partnership was critical as the has recently issued eight requests for proposal (RFP) for different grades of up to April. The two will bid for the 122 mm Grad Rocket, 23 mm ammunition, 40 mm and 125 mm FSAPDS Tank  

According to the executive, the requirement for is likely to go up as the government looks towards more indigenisation.

image
Business Standard
177 22