Reliance to sign 15 new industrial license agreements in the defense sector

Reliance Defence, subsidiary of Reliance Infrastructure Limited, the company last week received 15 industrial licenses for making a wide array of high technology equipment ranging from heavy weapons, armored vehicles, ammunition, electronic warfare systems, UAVs and directed energy weapon systems.
•    10 pertain to land systems, three for the naval systems and remaining two covering niche technologies across the defense spectrum.
•    Reliance will be competing with a host of established companies like the TATA, L&T, Baba Kalyani Group, Mahindras among others, to get orders.
•    Reliance is focusing on defence deals including Army’s plans to spend an additional Rs. 50,000 crore over next ten to fifteen years 
•    This investment has to be done in different combat vehicles, air defence missile systems among others.
•    Reliance Defence also intends to address a large potential international market for combat vehicles in the Middle East, Africa and South America.\