Reliance Defence secures 600cr export order from Rheinmetall Germany
Agencies Reliance Defence secures export order (Representational Image)
Reliance Defence secured Rs 600 crore worth of export order from Germany's leading defence manufacturer RheinmetallWaffe Munition GmbH.Following its recently announced strategic partnership with Rheinmetall, this order is one of the largest contracts in the high-tech ammunition domain.
This partnership represents a defining milestone for the country's private defence manufacturing sector, said Anil Ambani, Founder Chairman of the Reliance Group.
'The strategic partnership with Rheinmetall brings cutting-edge capabilities to India and represents a defining milestone for the country's private defence manufacturing sector...Through this, we aim to enable India not only to meet its domestic defence needs with confidence, but also to establish itself as a trusted force in the global defence supply chain, said Ambani. 'This strategic partnership of Rheinmetall with Reliance Defence led by Anil Ambani's Reliance Group illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Modi," said Armin Papperger, CEO of Rheinmetall AG while announcing the collaboration.
This collaboration aims to strengthen India's indigenous defence manufacturing capabilities.
Reliance Infrastructure Limited promoted, Reliance Defence Limited aims to be amongst top three Defence exporters in the country.
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