Showing posts with label TATA. Show all posts
Showing posts with label TATA. Show all posts

Tuesday, January 26, 2016

TEJAS,Indian fighter plane is in Bahrain Air show

India has entered in a mega private venture by allowing TATA ans Reliance in military field.
India’s Reliance Defense announced that it has entered into a manufacturing and maintenance partnership with Russian Almaz-Antey, manufacturer of the S-400 air defense missile system.
The agreement will focus on radars and automated control systems as areas of partnership for the air defense missile systems, S-400 as well as offset policies of the Indian Ministry of Defense, Reliance said in a statement Thursday.
“Working with Reliance Defence will help us develop new directions for both Companies to address future requirements of the Indian Armed Forces," Vice-Chairman of AlmazAntey V F Medovnikov said.
Reliance Defence Ltd. is a wholly owned subsidiary of Reliance Infrastructure Limited.
Under India’s offsets policy, foreign defense contractors are required to invest a percentage of the value of any deal in India to build an industrial base to reduce defense imports.