Reliance Defence Ltd signs JV agreement with Rafael Advanced Defence Systems

Q.  ADAG Group’s Reliance Defence Ltd has signed a agreement to set up a JV with which Israeli company?
- Published on 31 Mar 16

a. Rafael
b. Elbit
c. Fusion
d. None of the above

ANSWER: Rafael
 
ADAG led Reliance Defence Ltd and Rafael Advanced Defence Systems Ltd of Israel have decided to set up a joint venture company in India in the highly specialized areas of air-to-air missiles, air defence systems and large aerostats, that will oversee projects worth USD 10 billion (over INR 65,000 crore) in ten years.
  • Project will have outlay of INR 1300 crore
  • Strategic partnership will mark the entry of Reliance Defence in the complex field of air-to-air and air defence systems manufacturing in India
  • This is one of the biggest JVs between an Indian company with original equipment and an Israeli company in specialised areas of air-to-air missiles, air defence systems and large aerostats
  • New venture will be in Indore, MP and generate close to 3000 jobs

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