Reliance to build India's biggest private defense plant in Maharashtra
What's the story
Anil Ambani's Reliance Infrastructure will set up an integrated project for the manufacturing of ammunition, explosives, and small arms in Ratnagiri, Maharashtra. The project, called Dhirubhai Ambani Defence City (DADC), will be set up on a 1,000-acre plot in the Watad Industrial Area. This will be a major milestone as it will be the country's largest Greenfield defense plant by a private company.
Financial commitment
Reliance Infrastructure's investment plan for DADC
Reliance Infrastructure has pledged to invest more than ₹10,000 crore in the DADC project in the next decade. This massive financial commitment highlights the company's commitment to strengthening India's defense sector. The company, through its subsidiaries, has a history of exporting defense equipment worth over ₹1,000 crore over the years.
Requirement
Firm has the required licenses
Wholly owned subsidiaries of Reliance Infrastructure, Jai Armaments Limited and Reliance Defence Limited, have already secured license from the government of India for the manufacturing of arms and ammunition.