Department of Industrial Policy and Promotion (DIPP) gives nod to Anil Ambani for defense manufacturing.

Anil Ambani led Anil Dhirubai Ambani group got principal nod for defense manufacturing .The company got 11 licenses for its eight subsidiaries .After the approval the company needs security  approval from Home ministry to set up plants for defense manufacturing .The company plans to set manufacturing plants for Helicopters , missiles , night vision gogles among other defense products.

The committee chaired by DIPP secretary Amitabh Kant granted licenses to 32 companies including the Reliance group of companies. Meanwhile in a strategy to consoldiate its defense business Reliance group is exiting its other business like cement and manufacturing .

The group’s esteemed chairman Anil Ambani is personally overseeing the defense business. In a move to consolidate its protfolia the company acquired Pipav Defense and Offshore Engineering Cooperation . Reliance wants to make in roads in the sector with more focus on development and maintenance of defense equipments and later on into research and new product development.