Licences have been given to the Strategic Business Units (SBU) under Reliance Defence to address defence programmes in India and Overseas, says a business daily.
The licensing committee of the Department of Industrial Policy & Promotion (DIPP) has approved 12 industrial licences for Reliance Defence, a subsidiary of Reliance Infrastructure, for the manufacture of wide range of defence equipment required by the Indian Armed Forces and overseas markets.
Licences have been given to the Strategic Business Units (SBU) under Reliance Defence to address defence programmes in India and Overseas, says a business daily.
“The foray of Reliance into these areas will give added traction to the government’s Make in India and Skill India initiatives,” according to Reliance Defence.
In the Aerospace segment, the company will be looking at addressing the aircraft requirement of the Indian Navy pegged at INR 9,000 crore, and light utility helicopters, an opportunity valued at more than INR 20,000 crore.
In addition, there is a requirement of 160-200 medium to heavy helicopters, valued at INR 50,000 crore.
The transport and the combat aircraft requirements for the Indian Air Force (IAF) in the next 10 years will be in excess of INR 60,000 crore.
For the Land Systems, Reliance Defence has received licences for the manufacture of missiles and all-terrain combat vehicles.
For the Naval Systems, Reliance Defence is focusing on key systems. Reliance Naval Systems is already working on C4I, Underwater systems, Weapons, Radars and Electro Optic Systems.
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