Latest news with #ArminPapperger
Washington Post
3 hours ago
- Business
- Washington Post
Europe worries about its dependence on U.S. intelligence under Trump
BERLIN — The CIA's station chief here delivered an alarming piece of intelligence to Germany's spy agency last year, according to German and U.S. officials: Russia was planning to assassinate the chief executive of Germany's largest arms manufacturer. The German government responded by surrounding Rheinmetall CEO Armin Papperger — whose company is a major supplier of munitions to Ukraine — with a security detail as large as the one assigned to the chancellor. German intelligence services then began scouring their own sources for more information on the plot, including whether Russia had operatives in place for such a brazen operation, the officials said.
India.com
23-05-2025
- Business
- India.com
Anil Ambani gives more tension to Pakistan, strength to Indian army signs deal with…, set to provide…
Anil Ambani's Reliance Defence has taken a major step by signing an agreement with German arms company Rheinmetall AG. This agreement is to supply explosives such as artillery shells and ammunition from a factory which will be established in Maharashtra. The partnership's objective is to make India self-reliant in the field of defence production and make it among the world's major arms exporters. It will also create one more challenge for weak Pakistan, which has been dependent on China. 'Reliance Infrastructure Ltd-promoted Reliance Defence Ltd (Reliance Defence) and Dusseldorf-based Rheinmetall AG have agreed on a strategic partnership in the field of ammunition. An Agreement to this effect has now been signed by the representatives of both companies,' the Indian firm said in a statement. This is the third defence tie-up by the group after joint ventures with Dassault Aviation and Thales of France. 'The collaboration between the companies will include the supply of explosives and propellants for medium and large calibre ammunition to Rheinmetall by Reliance,' it said. Furthermore, the two companies intend to engage in joint marketing activities for selected products and may extend their cooperation based on future opportunities. The EUR 80 billion Rheinmetall AG excels in critical domains, such as armoured vehicles, infantry fighting vehicles, advanced air defence systems, and state-of-the-art ammunition technology. At the pinnacle of its portfolio is the Leopard 2A7, widely recognised as one of the most sophisticated main battle tanks worldwide. The strategic partnership will strengthen India's defence manufacturing capabilities aligning with the government's flagship 'Make in India' and 'Atmanirbhar Bharat' initiatives. It advances the vision to position India among the world's leading defence exporters. 'In order to support this collaboration, Reliance Defence Ltd will set up a greenfield manufacturing facility in the Watad Industrial Area of Ratnagiri, Maharashtra. The manufacturing facility, one of the largest in South Asia, will have an annual capacity to produce up to 2,00,000 artillery shells, 10,000 tonnes of explosives and 2,000 tonnes of propellants,' the statement said without giving details of investment to be made. This new facility will help Reliance Defence achieve its objective of being among the top three Defence exporters in the country. 'The cooperation gives Rheinmetall further access to important raw materials and secures not only its supply chains, but also the interest of its customers, but also creates further growth opportunities. In India, the new state-of-the-art facility will make a significant contribution to supplying the country's armed forces,' it said. The defence manufacturing complex will contribute to supporting India's ambitious defence export target of Rs 50,000 crore by 2029. Armin Papperger, CEO of Rheinmetall AG, emphasised that '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'. Anil D Ambani, founder and Chairman, Reliance Group, said: 'We are proud to partner with Rheinmetall AG, one of the world's most respected leaders in defence manufacturing, and to collaborate with visionary leader, Armin Papperger. This strategic partnership brings cutting-edge capabilities to India, marking a transformational moment for the country's private defence manufacturing sector'. Guided by the vision of 'Aatmanirbhar Bharat', as championed by Prime Minister Narendra Modi, the objective is to position Reliance Defence among the top 3 defence exporters, enabling India to not only meet its domestic defence needs but also emerge as a key player in the global defence supply chain, he said. 'This project marks a major step in the Reliance Group's long-term strategy to invest in the fast-growing defence manufacturing sector.' The DADC is being built in the Watad industrial area in Ratnagiri, Maharashtra, and once completed will be the largest greenfield project in the defence sector ever developed by any private company in India. (With Inputs From PTI)
Indian Express
22-05-2025
- Business
- Indian Express
Anil Ambani's Reliance Defence signs pact with German firm for artillery shells, explosives supply
Anil Ambani's Reliance Defence has signed an agreement with German arms manufacturer Rheinmetall AG for the supply of ammunitions like artillery shells and explosives from a new facility to be set up in Maharashtra. 'Reliance Infrastructure Ltd-promoted Reliance Defence Ltd (Reliance Defence) and Dusseldorf-based Rheinmetall AG have agreed on a strategic partnership in the field of ammunition. An Agreement to this effect has now been signed by the representatives of both companies,' the Indian firm said in a statement. This is the third defence tie-up by the group after joint ventures with Dassault Aviation and Thales of France. 'The collaboration between the companies will include the supply of explosives and propellants for medium and large calibre ammunition to Rheinmetall by Reliance,' it said. Furthermore, the two companies intend to engage in joint marketing activities for selected products and may extend their cooperation based on future opportunities. The EUR 80 billion Rheinmetall AG excels in critical domains, such as armoured vehicles, infantry fighting vehicles, advanced air defence systems, and state-of-the-art ammunition technology. At the pinnacle of its portfolio is the Leopard 2A7, widely recognised as one of the most sophisticated main battle tanks worldwide. The strategic partnership will strengthen India's defence manufacturing capabilities aligning with the government's flagship 'Make in India' and 'Atmanirbhar Bharat' initiatives. It advances the vision to position India among the world's leading defence exporters. 'In order to support this collaboration, Reliance Defence Ltd will set up a greenfield manufacturing facility in the Watad Industrial Area of Ratnagiri, Maharashtra. The manufacturing facility, one of the largest in South Asia, will have an annual capacity to produce up to 2,00,000 artillery shells, 10,000 tonnes of explosives and 2,000 tonnes of propellants,' the statement said without giving details of investment to be made. This new facility will help Reliance Defence achieve its objective of being among the top three defence exporters in the country. 'The cooperation gives Rheinmetall further access to important raw materials and secures not only its supply chains, but also the interest of its customers, but also creates further growth opportunities. In India, the new state-of-the-art facility will make a significant contribution to supplying the country's armed forces,' it said. The defence manufacturing complex will contribute to supporting India's ambitious defence export target of Rs 50,000 crore by 2029. Armin Papperger, CEO of Rheinmetall AG, emphasised that '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'. Anil D Ambani, founder and Chairman, Reliance Group, said: 'We are proud to partner with Rheinmetall AG, one of the world's most respected leaders in defence manufacturing, and to collaborate with visionary leader, Armin Papperger. This strategic partnership brings cutting-edge capabilities to India, marking a transformational moment for the country's private defence manufacturing sector'. Guided by the vision of 'Aatmanirbhar Bharat', as championed by Prime Minister Narendra Modi, the objective is to position Reliance Defence among the top 3 defence exporters, enabling India to not only meet its domestic defence needs but also emerge as a key player in the global defence supply chain, he said. 'This project marks a major step in the Reliance Group's long-term strategy to invest in the fast-growing defence manufacturing sector.' Reliance Defence recently announced plans to set up an integrated project for the manufacturing of explosives, ammunition and small arms under the Dhirubhai Ambani Defence City (DADC). The DADC is being built in the Watad industrial area in Ratnagiri, Maharashtra, and once completed will be the largest greenfield project in the defence sector ever developed by any private company in India.
The Print
22-05-2025
- Business
- The Print
Reliance Defence ties up with German arms maker Rheinmetall AG to make explosives for export markets
'Reliance Infrastructure Limited promoted Reliance Defence Limited (Reliance Defence) and Düsseldorf-based Rheinmetall AG have agreed on a strategic partnership in the field of ammunition. An agreement to this effect has now been signed by the representatives of both companies,' it added. To support this collaboration, Reliance Defence Ltd will set up a greenfield manufacturing facility in the Watad Industrial Area of Ratnagiri, Maharashtra, according to a statement issued by the Reliance Group. New Delhi: The Anil Ambani-promoted Reliance Defence Limited (Reliance Defence) has tied up with Düsseldorf-based Rheinmetall AG—a company banned from doing business with the Indian defence ministry—to manufacture explosives and propellants for medium and large caliber ammunition for international customers. Incidentally, this marks the third major partnership for Reliance Defence, following its alliances with Dassault Aviation and the Thales Group of France. The Reliance Group said the collaboration will include supply of explosives and propellants for medium and large caliber ammunition to Rheinmetall by Reliance. 'Furthermore the two companies intend to engage in joint marketing activities for selected products and are aiming to further extend their cooperation based on future opportunities.' In 2012, the German company was blacklisted by the Indian defence ministry over allegations of corruption, and remains so till date. The ban was extended for three more years this year. Incidentally, state-run Munitions India Limited had sold close to 500 tons of explosives to the Germany company in 2023 and early 2024. The Reliance Group statement said that the proposed manufacturing facility, to be one of the largest in South Asia, will have an annual capacity to produce up to 200,000 artillery shells, 10,000 tons of explosives and 2,000 tons of propellants. This new facility will help Reliance Defence achieve its objective of being amongst top three defence exporters in the country, it added. 'The cooperation gives Rheinmetall further access to important raw materials and secures not only its supply chains, also in the interests of its customers, but also creates further growth opportunities.' Armin Papperger, CEO of Rheinmetall AG emphasised that 'this strategic partnership…illustrates our strong commitment to partner with India under the strong leadership of Prime Minister Modi'. On his part, Anil Ambani said, 'We are proud to partner with Rheinmetall AG, one of the world's most respected leaders in defence objective is clear—to position Reliance Defence among the top 3 defence exporters, enabling India to not only meet its domestic defence needs, but also emerge as a key player in the global defence supply chain. This project marks a major step in the Reliance Group's long-term strategy to invest in the fast-growing defence manufacturing sector.' With a market capitalisation of over €80 billion, Rheinmetall AG concluded the calendar year 2024 with an annual revenue of €9.8 billion, from operations spanning 171 global locations. (Edited by Gitanjali Das) Also Read: From unmanned naval systems to artillery guns, here are Adani Group's focus areas in defence sector
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Business Standard
22-05-2025
- Business
- Business Standard
Reliance Defence, Rheinmetall AG to build major ammo unit in Maharashtra
Reliance Defence Limited, a subsidiary of Reliance Infrastructure Limited, has signed a strategic agreement with Germany-based Rheinmetall AG to collaborate in the ammunition sector. The partnership will focus on the supply of explosives and propellants for medium- and large-calibre ammunition, with joint marketing of selected products and scope for further collaboration. "The new state-of-the-art facility will make a significant contribution to supplying the country's armed forces. The defence manufacturing complex will support India's ambitious defence export target of ₹50,000 crore by 2029," the Reliance Group said in a statement. Rheinmetall AG, one of the world's largest defence firms, closed 2024 with revenues of €9.8 billion and operations across 171 locations globally. Known for advanced munitions such as the Assegai M2005 V-LAP and SMArt 155, the company will gain enhanced access to critical raw materials and benefit from improved supply chain resilience through this partnership. 'This strategic partnership brings cutting-edge capabilities to India, marking a transformational moment for the country's private defence manufacturing sector,' said Anil D Ambani, Founder and Chairman of Reliance Group. 'The project marks a major step in the Reliance Group's long-term strategy to invest in the fast-growing defence manufacturing sector.' Massive greenfield facility in Ratnagiri Reliance Defence will establish a greenfield manufacturing facility, fully owned by the company, in the Watad Industrial Area of Ratnagiri, Maharashtra. The plant is expected to become one of the largest of its kind in South Asia, with proposed annual production capacities of: 200,000 artillery shells 10,000 tonnes of explosives 2,000 tonnes of propellants Armin Papperger, CEO of Rheinmetall AG, commented: 'This strategic partnership of Rheinmetall with Reliance Defence, led by Anil Ambani's Reliance Group, illustrates our strong commitment to partner with India.' The collaboration supports Reliance Defence's ambition to become one of India's top three defence exporters. The new unit will be integrated into the Dhirubhai Ambani Defence City (DADC)—an upcoming comprehensive defence production complex in Ratnagiri. Once completed, it will represent the largest greenfield defence initiative undertaken by a private company in India. Third major global tie-up for Reliance Defence
