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Reliance Defence gets 12 industrial licences from DIPP

Reliance Defence gets 12 industrial licences from DIPP
In a boost to Anil Ambani-led Reliance Group, DIPP has approved 12 industrial licences to Reliance Defence, an arm of Reliance Infrastructure, for manufacturing of a wide range of defence equipment. 

The licence approval by the Department of Industrial Policy and Promotion (DIPP) for strategic business units (SBUs) of Reliance Defence is aimed at addressing defence programmes in India and overseas. “The foray of Reliance into these areas will give added traction to the Indian government’s Make in India and Skill India initiatives,” a senior official of the company said. In the aerospace segment, with licences to manufacture military aircraft and helicopters, the company looks to meet amphibious aircraft requirements of the Indian Navy, pegged at Rs 9,000 crore, and light utility helicopters, an opportunity valued at more than Rs 20,000 crore.

In addition, there is a requirement of 160-200 medium-to-heavy helicopters valued at Rs 50,000 crore. The transport and the combat aircraft requirements for the Indian Air Force in the next 10 years will be in excess of Rs 60,000 crore, something the company is also eyeing.

In Land Systems, Reliance has got licences for manufacturing of missiles and all-terrain combat vehicles. The key programmes in this segment include short-, medium- and long-range missile systems with programme value in excess of Rs 50,000 crore.
PTI

PTI

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