Defence Sector – DPP, Missions, Schemes, Security Forces, etc.

Reliance Defence, Israel’s Rafael to form JV to build missiles in India

  1. News: The joint venture (JV) company will be set up in India in the highly specialized areas of air-to-air missiles, air defence systems and large aerostats
  2. Importance: The joint venture is one of the biggest between an Indian company with any original equipment manufacturer
  3. Impact: It will provide big thrust into the field of indigenous production and development of high precision and weapon systems in India
  4. Future: The JV will address multiple programs valued at more than Rs.65,000 crore over the next 10 years
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