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RELIANCE DEFENCE AMMUNITION ENTERS INTO A STRATEGIC PARTNERSHIP WITH YUGOIMPORT OF SERBIA Featured

  • Tuesday, Jun 20 2017

 

// Defence Express//

New Delhi, June 2017 : Reliance Infrastructure Ltd. (RInfra) promoted Reliance Defence Ammunition enters into a strategic partnership with Yugoimport of Serbia for ammunition manufacturing in India. 

 

Anil D Ambani, Chairman Reliance Group, after his meeting with Aleksandar Vucic, the President of Serbia, announced the partnership with Yugoimport covering wide areas of cooperation in the Defence sector . Amongst other present in the meeting included Defence Minister of Serbia, Zoran Dordevic; Assistant Minister of Defence Nenad Moloradovic and CEO of Yugoimport.

 

Two companies will work together in the field of ammunition amongst others, with projected minimum requirement of Rs 20,000 Cr over next 10 years from Indian armed forces. 

In addition, there is a large requirement which is currently being met through imports and there is a potential for greater indigenisation. 

 

Given the large Indian market size, economies of scale offer option for exports. 

 

Indian government recently issued eight RFPs for different grade of ammunition, opening the field to the private sector for the first time. 

 

Proposal envisages transfer of technology by the original equipment manufacturer (OEMs) and indigenous manufacturing in India. 

 

Yugoimport , a state owned enterprise, is a market leader in the field of ammunition and has offered a fully compliant technical solution to meet the Make in India requirements of the Indian Government. 


Ammunition manufacturing by Reliance is proposed at a greenfield facility, catering to the current and future requirements. 

 

Reliance Defence Ammunition will also undertake joint development of next generation ammunition to meet the future requirements of the Indian armed forces. 

 

India currently imports nearly 50% of its ammunition requirements by value term, with an annual spending of more than Rs 10,000 Cr  on ammunition. 

 

With new inductions of Air Defence and Artillery guns, this requirement is bound to increase significantly. 

 

 

Reliance Defence Limited is a wholly owned subsidiary of Reliance Infrastructure Limited (an Infrastructure arm of the Reliance Group). The Company has industrial licenses for the full spectrum of military platforms and is the fastest emerging private sector enterprise in the development, manufacture and supply of Defence aerospace, land and naval platforms and equipment.

 

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