Monday 23 March 2015

Reliance Defence ties up with SAAB

Report said that the deal may be valued at Rs 1,000 crore.

Anil Ambani’s Reliance Defence and Aerospace has tied up with SAAB of Sweden to bid for unmanned aerial vehicle (UAV) programme of the Indian Navy, according to reports.

Report said that the deal may be valued at Rs 1,000 crore.

The tie-up will probably mark the entry of European UAVs into the Indian market.

The last date of submission was March 19, after an extension of two weeks. 

The Anil Ambani Group showed keen interest in the Naval Utility Helicopters Programme of the Defence Ministry.

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