Reliance Infra signs ₹20,000 crore defence deal
Reliance Defence is teaming up with Coastal Mechanics, a US defense contractor, to tap into India's massive ₹20,000 crore market for maintaining and upgrading military equipment.
Their focus? Keeping over 100 key assets—like Jaguar and MiG-29 fighter jets, Apache helicopters, and legacy air defense systems—battle-ready for longer, instead of just replacing them.
Joint venture in Nagpur
The two companies are setting up a joint venture in Nagpur to handle everything from repairs to full upgrades on both air and land defense platforms.
This move isn't just about supporting India's armed forces—it's also aimed at offering these services internationally.
With Coastal Mechanics bringing its know-how, the goal is to boost both reliability and modernization of critical military gear.