Here is How Anil Ambani Plans To Turn Reliance Into A Major Defence Company

Admin 31-May-2016 11:40:59 Inothernews

 Here is How Anil Ambani Plans To Turn Reliance Into A Major Defence Company


Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more. Known for taking some ambitious bets over the past decade, some of which have failed to deliver, Ambani's plans to turn Reliance into a major defence company may be one of his boldest yet. It has already bid for 840 billion Indian rupees ($12.5 billion) in government contracts, senior executives said, though it hasn't yet won any of those. The success of the strategy will depend on two things primarily: 1.) Whether he can persuade government officials and international partners that he can build sophisticated equipment 2.) Whether Prime Minister Narendra Modi can get India's notoriously slow procurement process to work. Modi has made defence a big part of his "Make in India" programme. As part of any defence contract, he is demanding foreign companies tie up with a local partner, transfer technology and move some manufacturing to India.



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