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Business: Its younger brother Mukesh Ambani’s younger sibling, Anil Ambani, has a very bold and distinguishing plan. On Tuesday, the company led by the Reliance Group of Anil Ambani announced its ambitious plan to go for an integrated project in Ratnagiri, Maharashtra, to manufacture explosives, ammunition, and small arms.
Reliance Infrastructure Ltd, the flagship firm of Anil Ambani, said on Friday it would invest Rs 10,000 crore over the next ten years to set up India’s largest integrated project in Ratnagiri in Maharashtra for the manufacturing of explosives, ammunition, and small arms.
The company has been allotted 1,000 acres of land in the Watad Industrial Area in Ratnagiri, Maharashtra to develop Dhirubhai Ambani Defence City (DADC), the firm said in a statement.
Anil Ambani’s Big Plan: An ambitious defense project under Anil Ambani puts him in a league of his own against elder brother Mukesh Ambani since he enters a space where the Reliance Industries chairman hasn’t forayed as well. This particular project puts Reliance Infra in a pole position to become a key player in the defense manufacturing sector of India.
As per this project, this company has taken the decision to develop joint ventures with six major defense companies in the world. The ambit of complete ammunition production will be covered in these small, medium, and large caliber arms and terminally guided munitions. Small arms will be manufactured for civilian as well as military purposes and export market focus will be given.
Reliance Group On New Project. “It will be the largest greenfield project in the defence sector in India by any private sector company,” it said. R-Infra joins the likes of Tata Group, Adani and Larsen & Toubro for defence manufacturing.
“Reliance Infrastructure will invest over Rs 10,000 crore in the next 10 years,” the statement said. “Reliance Infrastructure through its subsidiaries has exported defence equipment worth more than Rs 1,000 crore over a period of time.”
Its wholly-owned subsidiaries Jai Armaments Ltd and Reliance Defence Ltd already have licenses from the government for manufacturing of arms and ammunition.
The project initially proposes joint ventures with up to six of the world’s major defence companies, a broad range of ammunition from small to large calibre and terminally guided munitions. The small arms portfolio will be for export markets both for civilian and military purposes. No names of any joint venture partners were revealed by the statement.
