Anil Ambani-led Reliance Group signed MoU to set up naval facility in Vishakhapatnam

Reliance Defence Ltd, a unit of Anil Ambani led Reliance Infrastructure Ltd signed a memorandum of understanding (MoU) with Andhra Pradesh Government to set up a world class naval facility to build submarines and aircraft carriers and to provide services including maintenance and refitting of ships.

Created On: Jan 13, 2016 08:04 ISTModified On: Jan 13, 2016 08:28 IST

Reliance Defence Ltd, a unit of Anil Ambani led Reliance Infrastructure Ltd led on 10 January 2016 signed a memorandum of understanding (MoU) with Andhra Pradesh Government to set up a world class naval facility in the state.

The announcement regarding the MoU was made at Andhra Partnership Summit in Visakhapatnam.

The proposed facility will be established with an initial investment of 5000 crore rupees. And, it will be setup on the East Coast of India at Rambilli, which is 70 kilometers south of Visakhapatnam.   

Earlier, in March 2015, Reliance acquired the Pipavav shipyard on West Coast in Gujarat. These two facilities will build submarines and aircraft carriers and also provide services including maintenance and refitting of ships.

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