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Defense sector and 20 thousand crore market, Anil Ambani's master plan ready
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Defense sector and 20 thousand crore market, Anil Ambani's master plan ready

shehnazBy shehnazJuly 1, 2025Updated:July 1, 2025No Comments2 Mins Read
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Defense sector and 20 thousand crore market, Anil Ambani's master plan ready
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Anil Ambani

Anil Ambani's company Reliance Defense Limited has partnered with US Defense Contractor Coastal Mechanics Inc. The focus of both companies is on the MRO market of India's Rs 20 thousand crore defense. For this, the company has made such a big deal.

Reliance Defense will form a joint venture in Maharashtra in collaboration with the American contractor, providing the country's major defense products to provide maintenance, repair and overhaul service. The partnership aims to modernize more than 100 Jaguar, 100 MiG-29 fighter jets, 20 Apache attack helicopters and L-70 air defense mines.

Reliance Defense aims to include India's top three defense exporters. The company says the segment provides high value and long-term opportunities due to the strategy of the Indian Army's asset replacement to life cycle and performance-based logistics. According to market analyst Ajay Baga, defense spending is increasing globally due to increasing geopolitical risks, increasing export opportunities to India's defense manufacturers and service providers.

Indian market

Vineet Bolinjkar, head of Equity Research of Ventura Securities, described this JV as a positive step. He said that India is a cost-skilled market, which is attractive to MRO. Partnership with Coastal Mechanics will help Reliance Defense to gain business from the US Department of Defense, which is the world's largest defense department.

Country defense sector

Major General KK Sinha, the veteran and defense expert of the Kargil war, expressed confidence in India's defense manufacturing capabilities. He said that along with self-sufficiency, it is also necessary to have modern equipment. India is ready to emerge in the global defense manufacturing industry and is capable of meeting the needs of NATO countries. In FY 2025, India's defense production rose 15% to an all -time high of Rs 1.46 lakh crore. The country's defense exports also reached a record of Rs 24,000 crore. This partnership will help Reliance Defense to make a strong position in India's defense sector.

Source: www.tv9hindi.com

: Language Inputs

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shehnaz

Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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