Re­liance De­fence ties up with three Ukra­nian firms

The Financial Express - - COMPANIES - Fe Bureau

New Delhi, April 29: Re­liance In­fra-led Re­liance De­fence on Fri­day signed a strate­gic part­ner­ship agree­ment with state owned Ukroboron­prom of Ukraine, Spet­stechno Ex­port and Antonov.

On the oc­ca­sion the Re­liance Group chair­man Anil Am­bani called on Ukraine Pres­i­dent Petro Poroshenko. Dur­ing an hour long meet­ing, the two lead­ers dis­cussed is­sues of strate­gic in­ter­est be­tween the In­dian and Ukrainian De­fence and Aero­space In­dus­try.

As a fol­low up of the meet­ing, a Strate­gic Part­ner­ship Agree­ment was signed be­tween State Owned Ukroboron­prom of Ukraine and Re­liance De­fence. This will al­low Re­liance De­fence to col­lab­o­rate with Antonov for its range of mil­i­tary and com­mer­cial trans­port air­craft.

Re­liance De­fence is a wholly owned sub­sidiary of Re­liance In­fra­struc­ture.

Un­der the agree­ment with Antonov, Re­liance and Antonov will jointly bid for the Medium Mil­i­tary Trans­port Air­craft pro­gram of the HAL. In ad­di­tion to this, the two com­pa­nies will also col­lab­o­rate for as­sem­bly, man­u­fac­ture and main­te­nance, re­pair and over­haul (MRO) of Antonov se­ries of air­craft to ad­dress the re- quire­ments of the In­dian mar­ket and also the agreed Global mar­kets.

Co­op­er­a­tion be­tween Re­liance De­fence and Spet­stechno Ex­ports will fo­cus on up­grade pro­grams for the BMP 2 and Armored Ve­hi­cles, Un­manned Aerial Ve­hi­cles and Marine Gas Tur­bines for the In­dian Navy Frigate pro­gram in In­dia.

It is un­der­stood that HAL is look­ing at a mar­ket size of up to 300 air­craft in the medium range. This will be po­ten­tially the largest col­lab­o­ra­tive ef­fort in­volv­ing the Pub­lic Sec­tor, Pri­vate Sec­tor and Global OEM as part of the Make in In­dia and Skill In­dia ini­tia­tives of the gov­ern­ment with value of pro­grammes ex­ceed­ing R50,000 crores.

Antonov is cred­ited as the man­u­fac­turer of largest trans­port air­craft in the World. The In­dian Air Force cur­rently op­er­ates more than 100 AN-32 air­craft, which forms the back­bone of its trans­port fleet.

Anil Am­bani, chair­man, Re­liance Group with Petro Poroshenko, Pres­i­dent of Ukraine dur­ing sign­ing of Strate­gic Part­ner­ship Agree­ment in Ukraine

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