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Reliance signs deal with Rafael

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Mukhesh Ambani owned Reliance defence has entered into a deal with Israeli based Rafael defence to manufacture air to air missile systems, air defence and observatory balloons.

Features of the deal

  • Reliance will hold 51% of the stake and Rafael will hold 49% in the joint venture agreement
  • They will target over $ 10 billion in the next 10 yearsRafael defence and Rafael Defence
  • The project will have an initial capital outlay of more than Rs.1,300 crore, excluding the cost of technology
  • This is one of the biggest joint venture between an Indian firm and a foreign company in the field of Manufacturing of air to air missiles.
  • The Manufacturing hub will be set up in India following the Make in India and Skill India initiatives
  • Location: Dhirubhai Ambani Land Systems Park at Indore in Madhya Pradesh

Reliance Defence

  • It has industrial licences for the full spectrum of military platforms
  • It is the fastest emerging private sector enterprise in the development, manufacture and supply of defence aerospace, land and naval platforms and equipment.

Rafael Defence

  • Rafael has products like Python and Derby in the air-to-air missiles system, Spyder range in air defence systems and the Barak missiles family of surface-to-air missiles in the short and medium range.
  • Rafael has already provided large aerostat systems to the Indian Air Force for meeting its surveillance, reconnaissance, communication and intelligence needs.