Reliance Group, Augur Overseas Operation signed MoU to manufacture Aerostats and Airships

Jul 24, 2015 17:13 IST

Anil Ambani-led Reliance Group through its entity Reliance Unmanned Systems on 23 July 2015 signed a Memorandum of Understanding (MoU) with Augur Overseas Operation of Singapore to manufacture Aerostats and Airships in India.

As per the MoU, both the parties will collaborate on new technologies for the civil and military market as part of the Make in India initiative of Union Government. The two companies have agreed to form a joint venture (JV) firm with Reliance having 51 percent stake as per Government’s policy.

The joint venture will be involved in development, production, sales, modification and life support for different sizes of Aerostats and Airships. This JV will address the requirements of domestic market and also addressable regional/global markets.

The Augur Overseas Operation is a wholly owned subsidiary of Augur Aeronautical Centre.

About Aerostat radars
• The Aerostat radars are deployed extensively in the surveillance, reconnaissance and communication roles by the army. These are also useful in detecting low-flying fighter aircraft.
• During times of natural disasters, Aerostats are used to bring in emergency supplies such as food, water and blankets for the affected people. Aerostats also useful in the tourism industry.
• Aerostats are currently manufactured in the U.S, Germany and France.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes12 People Agreed

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK