DIPP nods clearances for 12 industrial licenses for Reliance

The Development of Industrial Promotions Board gave its clearance to 12 industrial licenses to Reliance Defence.

Flash points

• DIPP gave clearance to 12 industrial licenses for Reliance Defence an arm of Reliance Infrastructure for manufacturing of Defence equipments in India and Overseas
• DIPP gave its clearance to the Strategic Business Unit of Reliance
• Aerospace sector: licences for manufacture of military aircraft and helicopters
• Land systems: licenses for manufacturing of missiles & all terrain combat vehicles
• Naval systems: licenses for air independent propulsion technology and hull penetrators and connectors along with motor shafts and propulsion systems
• The company plans to address the aircraft requirement of the Indian Navy at Rs 9,000 crore, light utility helicopters valued at more than Rs 20,000 crore.In addition, a requirement of 160-200 medium to heavy helicopter, valued at Rs 50,000 crore
• Reliance naval systems is already working on C4I, underwater systems, weapons, radars and electro optic systems
• The company plans to develop an infantry combat vehicle to address the domestic and global requirements

Key points

• Reliance Strategic Electronics Division (SED) plans to target the global market of USD 7 billion to manufacture night vision devices (NVDs) and surveillance ones