Anil Ambani’s reliance group received major boost. The DIPP (Department of Industrial Policy and Promotion) approved 12 industrial licenses of Reliance Defense. This approval has been given for manufacturing defense equipment in wide range. This license approval is for Strategic Business Unit of Reliance Defense.
The main purpose behind this is to complete defense program in country and abroad. A senior officer said that, “The entry of reliance in this sector will promote India’s Make in India and Skill India.” Reliance will make military aircraft.
With this license, the company will make aircraft and helicopter in Aerospace Segment. The company will fulfill the requirements of Aircraft of Indian navy. The company searching expected Light utility helicopters worth more than Rs 20,000 crore.
The company is also looking for its next plan that is to fulfill the transport and combat aircraft to navy. Its value is about more than Rs 60,000 crore. Reliance defense also got the license for manufacturing Missile and all outdoor combat vehicles. Indian Army will spend extra Rs 50,000 crore.
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