Reliance Defence inks pact with Ukrainian state firms

Reliance Defence inks pact with 3 Ukrainian state firms

Question: Name the Indian company which has recently signed pact with Ukrainian state firms for developing a range of military products?
(a) Reliance Defence Ltd.
(b) Bharti Airtel
(c) Tata group
(d) Wipro Ltd.
Ans (a)
Related facts:

  • On 28 April 2016 Reliance Defence Ltd. has signed an agreement with three Ukrainian state-owned firms — Ukroboronprom, Spetstechno Exports and Antonov — to collaborate on a range of military products including transport aircraft, armoured vehicles, maritime gas turbines and unmanned aerial vehicles.
  • This followed the Reliance Group chairman Anil Ambani’s meeting with the President of Ukraine Petro Poroshenko in Ukraine.
  • Under the agreement with Antonov, credited as the manufacturer of largest transport aircraft in the world, Reliance and Antonov will jointly bid for the Medium Military Transport Aircraft program of Hindustan Aeronautics Limited (HAL).
  • Cooperation will also cover upgrades for the BMP 2 and Armored Vehicles, Unmanned Aerial Vehicles and Marine Gas Turbines for the Indian Navy Frigate program.
  • The value of programs will exceed Rs 50,000 crore.
  • It is understood that HAL is looking at a market size of up to 300 aircraft in the medium range.
  • This will be potentially the largest collaborative effort involving the Public Sector, Private Sector and Global OEM as part of the Make in India and Skill India initiatives of the Government.
  • Antonov is credited as the manufacturer of largest transport aircraft in the World.
  • The Indian Air Force currently operates more than 100 AN-32 aircraft, which forms the backbone of its transport fleet
  • Reliance Defence Ltd is a wholly owned subsidiary of Reliance Infrastructure Ltd.
  • The company has industrial licenses for the full spectrum of military platforms and is the fastest emerging private sector enterprise in the development, manufacture and supply of Defence aerospace, land and naval platforms and equipment.

Reference:
http://www.rinfra.com/pdf/pressreleases/RDefenceUkrainePressRelease29042016.pdf
http://www.thehindu.com/business/Industry/reliance-defence-inks-pact-with-3-ukrainian-state-firms/article8537838.ece