Reliance Group chairman Anil Ambani, who announced this during the CII Investor Partnership Summit, signed a memorandum of understanding (MoU) with the Andhra Pradesh government in this regard. “Reliance Defence, a wholly owned subsidiary of Reliance Infrastructure, will implement this project. This represents the single-largest investment by any company at one location anywhere in Andhra Pradesh,” Ambani said.
The unit will generate thousands of skilled jobs. It would also lead to creation of a multi-tier array of defence ancillaries with further investments of Rs 5,000-10,000 crore and thousands of skilled jobs, Ambani said.
The Vizag naval facility will complement Reliance group’s existing facility at Pipavav in Gujarat with a clear focus on building strategic assets for the Navy.
