Reliance Defence Inks Export Pact With Rheinmetall
Hindustan Times Lucknow
|May 23, 2025
Anil Ambani-promoted Reliance Defence has signed an agreement for a strategic partnership with Rheinmetall AG to supply ammunition to the Dusseldorf-based firm, the Reliance Group said on Thursday.
NEW DELHI:
The German firm is linked to the company Rheinmetall Air Defence (RAD), Zurich, which was banned by the India defence ministry in 2012 following allegations of irregularities. It is still on the list of firms debarred from doing business with the government.
Reliance Defence will set up a manufacturing facility in the Watad Industrial Area of Ratnagiri, Maharashtra, to support the collaboration.
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