Newsmakers: Reliance Defence forms JV with Rafael, FM on rate cut and more - Photos-1
Business Today
Loading...

Newsmakers: Reliance Defence forms JV with Rafael, FM on rate cut and more

Key business news events for the day
Reliance Defence forms JV with Rafael
Anil Ambani-led Reliance Defence has inked a pact with Israel's Rafael Advanced Defence System to set up a joint venture in India for specialised areas including air-to-air missiles that will oversee projects worth $10 billion (over Rs 65,000 crore) in ten years. "In one of the biggest joint ventures between an Indian company with any original equipment manufacturer (OEM), Reliance Defence, a 100 per cent subsidiary of Reliance Infrastructure and Rafael Advanced Defence Systems have decided to set up a joint venture company in India in the highly specialised areas of air-to-air missiles, air defence systems and large aerostats," the company said.
ADVERTISEMENT