Rs 5000000000000 market, Anil Ambani makes historic move, plan is to...
New Delhi: Anil Ambani's Reliance Infrastructure will now expand its business in the defense sector. The company will focus on programmes to improve aircraft. The company expects to get opportunities worth Rs 5,000 crore in the next 7 to 10 years. The company aims to become the first private company in India to improve aircraft. Till now this work was done by government companies and OEMs (original equipment manufacturers). The global market for upgrading military aircraft and helicopters is more than Rs 5 lakh crore annually.
Anil Ambani's Reliance Group's Reliance Infrastructure is going to do a big job in the defense sector and is focusing on modernizing aircraft. The company is expected to make good profits in the next few years and is on its way to becoming the first private company in this sector.
A company source said that they have completed a project with HAL in collaboration with US company Genesis. In this project, they have improved 55 Dornier-228 aircraft.
Earlier the company got the contract of upgrading 37 aircraft. After doing good work, the company got an order for 18 more aircraft. According to sources, this entire project of upgrading Dornier was worth Rs 350 crore.
The upgraded Dornier aircraft are deployed with the Indian Air Force, Indian Navy and Indian Coast Guard. Military aircraft and helicopters last for about 30-40 years, therefore, it is necessary to upgrade them from time to time. Especially it is necessary to replace their avionics, mission systems and security equipment.
The market for upgrading military aircraft and helicopters worldwide is more than Rs 5,00,000 crore every year and it is estimated that this market will reach Rs 7,00,000 crore in the next seven years.
The number of old aircraft in India is very high. Therefore, there are many opportunities in this field here. The Indian Army is also focusing on modernizing its old aircraft.
Reliance Infrastructure now wants to further increase its capacity to upgrade aircraft and helicopters. For this, the company is working closely with companies around the world. Apart from upgrading Dornier, the company is also working with France's Thales in the Performance-Based Logistics (PBL) program for Rafale fighter jets in India.
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