Reliance Defence of Reliance Infrastructure Limited on 24 December 2015 entered into a partnership with Russia’s AlmazAntey for producing Air Defence Missile Systems.
A corporate agreement in this regard was signed on the sidelines of Prime Minister Narendra Modi’s two-day state visit to Russia.
Details of the Partnership
• It is aimed at fulfilling air defence missile systems, including the TOR-1M missile systems, and radar requirements of Indian armed forces.
• The Cooperation will extend to deep upgrades modernization, repairs, execution of offsets, supply of spares, as well as research and development projects.
• Defence Acquisition Council’s approval for acquisition of S-400 air defence missile systems is expected to create business opportunity of about 40000 crore rupees.
• The partnership was entered into to boost indigenous defence production as part of the Union Government’s Make In India initiative.
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