The Anil Ambani led-Reliance Infrastructure has roped in French aircraft maker Daher as a technology partner for manufacturing composite materials for aircraft.
MUMBAI: Reliance InfrastructureNSE -2.52 % (RInfra) is foraying into composites manufacturing for supply to aircraft makers with an initial investment of Rs 85 crore and it targeting exports of Rs 315 crore over next five years.
The Anil Ambani led-Reliance Infrastructure has roped in French aircraft maker Daher as a technology partner for manufacturing composite materials for aircraft. “Daher is a guiding us on technical aspects. When we get certified, they will form joint venture with us and will go for bigger expansion plans,” a senior Reliance Infrastructure executive told ET.
The joint venture will serve local as well as international markets.
“Composites are the future of aerospace and defence industry. Our first unit at Dhirubhai Ambani Defence and Aerospace Park at MIHAN SEZ, Nagpur, will be operational by end October this year. We will be focusing both on defence and non-defence segment,” a Reliance Infrastructure spokesperson told ET.
The company acquired Pipavav DefenceNSE -3.73 % & Offshore Engineering in 2015 to enter the defence sector, which is now its strategic growth area. Reliance Group has formed separate joint ventures with French defence majors Dassault Aviation and Thales, and holds 51% each in both entities.