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Missiles, copters, subs: Anil Ambani lays out an ambitious defence plan

Anil Ambani plans to turn Reliance into a major defence company and has already bid for Rs 84,000 crores in govt contracts

Reuters  |  New Delhi/Mumbai 

Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more. Known for taking some ambitious bets over the past decade, some of which have failed to deliver, Ambani's plans to turn Reliance into a major defence company may be one of his boldest yet. It has already bid for Rs 84,000 crores ($12.5 billion) in government contracts, senior executives said, though it hasn't yet won any of those. The ...

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First Published: Mon, May 30 2016. 21:00 IST
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