 "Reliance Defence signs partnership deal with Ukrainian firms")
Reliance Defence Ltd, a wholly owned subsidiary of Reliance Infrastructure Ltd, has signed strategic partnership agreement with state owned Ukroboronprom of Ukraine, Spetstechno Export and Antonov. The agreement was signed after Anil Ambani, chairman, Reliance Group, met Ukraine President of Petro Poroshenko, to discuss issues of strategic interest between the Indian and Ukrainian defence and aerospace industry.
The partnership agreement will allow Reliance to collaborate with Antonov for its range of military and commercial transport aircraft.
Under the agreement, Reliance and Antonov will jointly bid for the medium military transport aircraft program of the HAL. In addition to this, the two companies will also collaborate for assembly, manufacture and maintenance, repair and overhaul (MRO) of Antonov series of aircraft to address the requirements of the Indian market and also the agreed Global markets.
It is understood that HAL is looking at a market size of up to 300 aircraft in the medium range. This will be potentially the largest collaborative effort involving the public sector, private sector and global OEM as part of the Make in India and Skill India initiatives of the Government with value of programs exceeding Rs 50,000 crore.
Antonov is credited as the manufacturer of largest transport aircraft in the world. The Indian Air Force currently operates more than 100 AN-32 aircraft, which forms the backbone of its transport fleet.
The partnership agreement will allow Reliance to collaborate with Antonov for its range of military and commercial transport aircraft.
Under the agreement, Reliance and Antonov will jointly bid for the medium military transport aircraft program of the HAL. In addition to this, the two companies will also collaborate for assembly, manufacture and maintenance, repair and overhaul (MRO) of Antonov series of aircraft to address the requirements of the Indian market and also the agreed Global markets.
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Cooperation will also cover upgrades for the BMP 2 and armoured vehicles, unmanned aerial vehicles (UAV) and marine gas turbines for the Indian Navy Frigate program.
It is understood that HAL is looking at a market size of up to 300 aircraft in the medium range. This will be potentially the largest collaborative effort involving the public sector, private sector and global OEM as part of the Make in India and Skill India initiatives of the Government with value of programs exceeding Rs 50,000 crore.
Antonov is credited as the manufacturer of largest transport aircraft in the world. The Indian Air Force currently operates more than 100 AN-32 aircraft, which forms the backbone of its transport fleet.