 "anil, reliance, ambani")
The government’s military indigenisation plan has spawned another tie-up.
Anil Ambani-led Reliance Defence has entered into a strategic partnership with Serbia's state-run defence major Yugoimport to manufacture ammunition in India. The Serbian ammunition 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 companies will work together in the field of
