Anil Ambani’s stalled business is slowly getting back on track. His ‘Vijay Rath’ has set out on its campaign. After paying off the bank loans in the past few days, his companies are continuously doing deal after deal. Younger Ambani’s company Reliance Defence has signed an agreement with Germany’s Diehl Defence company to make modern weapons for the Indian Army. This partnership will help in making next generation weapon systems in the country.
Reliance Defence Signs Deal with Germany’s Diehl
Under this deal, Reliance Defence will build a big and modern factory in Watad Industrial Area in Ratnagiri, Maharashtra. This factory will make Vulcano 155 mm Precision Guided Munition System. This special type of weapon has a very accurate target. Technical help will be provided by Diehl Defense in this project. This company is famous worldwide for weapons technology.
‘Make in India’ campaign will also get a boost – In a statement issued by Anil Ambani on this deal, it was said that this agreement will increase the country’s defense production capacity and will give Reliance Defense a special place in global defense supplies. 60 percent of the weapons made in the country through this project will be local, through which ‘Make in India’ will be promoted.
₹5,000 Crore Investment in Maharashtra – Let us tell you that Reliance Defense has a plan to invest Rs 5,000 crore in Ratnagiri in the coming five years. The company will raise 30 percent of the money from its income and 70 percent through debt.
Focus on Local Manufacturing and Global Defence Supply
Production Set to Start in 18 Months – Production will start from the factory in the next 18 months. Earlier in the month of May, Reliance Defence had signed an agreement with another German company Rheinmetall AG.
₹10,000 Crore Revenue Target in Defence Exports – This deal was to make explosives and propellants for mid and large size weapons. Reliance Defence’s target is to become one of the top three private defence export companies in the country in the next 12 to 24 months. The company is planning a 5 to 10 year long agreement with companies like Deal and Rheinmetall. This can provide an opportunity to earn Rs 10,000 crore.
1. What is the new deal between Reliance Defence and Diehl Defence?
Reliance Defence has partnered with Germany’s Diehl Defence to manufacture Vulcano 155mm precision-guided munitions in India for the Indian Army.
2. Where will Reliance Defence set up the new weapons factory?
The factory will be built in Watad Industrial Area, Ratnagiri, Maharashtra, with production starting within the next 18 months.
3. How much is Reliance Defence investing in the new project?
Reliance Defence plans to invest ₹5,000 crore over the next five years, aiming for 60% indigenous manufacturing under the ‘Make in India’ campaign.
Also Read – How Anil Ambani went from being the 6th richest man to bankrupt: Now he’s back! The story of Reliance Power
