Reliance Defence inks pact with 3 Ukrainian firms

Source: PTI

Reliance Defence has signed strategic partnership agreement with three Ukrainian state- owned companies which will allow them to collaborate on a range of military products including transport aircraft, upgrade of armoured vehicles, maritime gas turbines and unmanned aerial vehicles.

The development follows a meeting between Reliance Group Chairman Anil Ambani and Ukrainian President Petro Poroshenko in Ukraine this week.

During the hour long meeting, the two leaders discussed issues of strategic interest between the Indian and Ukrainian defence and aerospace industry.

"As a follow up of the meeting, a Strategic Partnership Agreement was signed between State Owned Ukroboronprom of Ukraine and Reliance Defence, which will allow it to collaborate with Antonov for its range of military and commercial transport aircraft," a statement by Reliance said.

Reliance Defence Ltd is a wholly owned subsidiary of Reliance Infrastructure Ltd.

Under the agreement with Antonov, both companies will jointly bid for the medium military transport aircraft programme of the HAL, it said.