Mumbai: India’s largest integrated project for the manufacturing of explosives, ammunition and small arms in Ratnagiri, Maharashtra will be set up by Anil Ambani led Reliance Infrastructure, the company announced on October 15. The company will invest over Rs 10,000 crore over the next 10 years.
Reliance Infrastructure has been allotted 1000 acres of land in Watad Industrial Area of Ratnagiri, Maharashtra to develop Dhirubhai Ambani Defence City (DADC). DADC will be the largest greenfield project in the defence sector in India by any private sector company, Reliance Infrastructure said in a statement.
Over a period of time, Reliance Infrastructure through its subsidiaries has exported defence equipment worth more than Rs 1,000 crore. Reliance Infrastructure’s wholly owned subsidiaries Jai Armaments Limited and Reliance Defence Limited already have license from the government of India for the manufacturing of Arms and Ammunition.
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