Indian Missiles, Copters, Subs: Anil Ambani’s Ambitious Defense Plan

JFIF;CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 80 C   %# , #&')*)-0-(0%()(C   ((((((((((((((((((((((((((((((((((((((((((((((((((( " }!1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz w!1AQaq"2B #3Rbr $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ?sGΛNXݺ+WB,ޝjh쮤7 [B%%꘣+r<Z݃:`@~6Vu*=8]VJ T5Hu .H\^|kcmG(F-\U:z+-g ~&ۮv: YRN~oYPbP+F(.Ք}M|?ě'iՉ|@~k 0k][ޚ1SN RxQ|rP~,,fMwOAU:lO|.zfscT_Mh.csş?}9Y^v<OW?hks3Y(ڨ?&>+(#sՏFV3=? +6ys^WZgϗz\i4` M/'<*"I}ťǥZV ]?Y}ɨUqF*G#-νG_φz;:+ȟ)ŒTOs g T.*jh@i}j:2FqvhWBռGcȧКC~[ξozrJװs^'FBdJ&i@_7J c5oK \`,@Sudwm:PydsU߮O;aI|ڞ?K ZM]}02' Ms_ u|1k>s*W|`²Kn=EL!%\EuK 2Pw'?n^)0rǡSO!s M1fm@Zh k$yí\ fewMWڵ}pѼb8(ݾΞ^r+ P-t廸pWw5m2zmeW]˶2/qN)I y5o#9$E?b_m|O+<·4mO[T\WXӗŸ,gӰ T8-aYtgЇr+ziجtLWף*\x:;T]m|g _Oo]MKb=ƚv=%_*jk#ZсO]kJUN}p (Ehg}/QZ wMuM-sgـVqU= i{h F2F2:ӏ-V0WCNt$O+]c57zti:[21MPsEYlsWC\ש.kMЅiB\54+-4p|?<jyힶMXܲǢ8N!3o&O=>V;)tJv{]­h{Ƌm3mg'?&l7ʺIl6P*R3~ex]H 7Z-6{dzޗ>D^bAՠbFywt;g? |?qMcNUnDB~ vm|ACh/un׊>4֯mzm.u-X9Mf5':\Q[SA[|ў#{x>s$h\a |3finGޛʻ#*=ÛU+xنvڟoZKmrm<|2T>W!~*-T4S\:2p~rj>$+=L\1'̮ԞWWj;ݫoz+{W])-nۨ>/\WnEGRWtڍ;Uv +p?KpG^v_²W&Yd ~G'-#okPJ?!?4x䶺,8_C[~'-9l7~,xAK7NXmyUȖ) .{2vÙH,2ah[bU@n:5]>fzˋBq UetUUs-+vW[Xc^H.)Fv&kO* 9Ηq鯔Jn5ׅw23HG,i'_[EwY*wYܜh]!\ظgܛŴ? LsJq{0*SдͰY2Fv8[W^ ʌJUNjUX7dr<[m!ϼdq\kES܁U)+5b3ңl^OYi|ҹ-x3K:lnoiZ<bn<\)V*F_Vyi|F:Og@19r6Z6Z};[*'*b#5_l<5 f"mSktGƴ!90#)t~mG杠wRg19G^ѡD+AK+KGX<X+w5RWH9Q%=x&<xgSIƭ$"sw @.u̹|'ڇZ41m m}'Gly<yiǘ|v?+Gxk-B#5^=?E'T֜Zr{>n`JϢ?gLi{߳΋p3C^Ɋ|Oԡ׆x][S67fa=qWczо'}.0=kJ mZ/5&[I+F3n3ֿ|a,3]ɺx.Ok죷0ڪ&h:'Jw89mݨ͆~ >+:,Ÿs~:xZԴ$NhW]@mҝ @~&?>$5ŌQ=YJd$]}Q'lȯ Ð I½NEM-.  qSCfuxsLy9h=V4ҽ?oHmfӈlmDM~h0XC&Y>ۍCOeFnW.= ,lM /^3<=vvLyB>.ٵOew~QY^/"`U g$ӳ<{ZҔb-7wW,1*z|UVܤAט|PDŽuu9HX:mJv&.#/`[OvkR1WU~|;F0qci"q=|h]OQ x ^ƛcUSN֗U\6U񞮻u;3_h.m&p*]LjgЍva7e#<.#a阥_֮' oVΌT + #qݾc?|D}i/jh\MM S\p6],zoĸ5{d?co3?xZs@о"\ 27/ wZlmHѵOG9zRنϦ|ӭ.ڍB;OֹOshv>1&Ҋ2 }01\mz#l=qsnسzުf\Ӽ; 9oHSLIXjq㼹=JC) |]zp?Ekrѫj^(<$E]nZ|wocNW'#ի_ڏj *6w_YE3w8 r+48@ (]F7$ܭ曩ku$@Wmͤ6h0dQ$9^1E{gšöUkïk Y3.rhcF3zxo"i GӾEznaa%4n5f9/HŊ*H7^>ď[˒.=+~ [\<6:aAں=s7yeukD𦓣ǍQUQU)I-5Ѳү>S>ќT?[([yq?WZsɣW_B*h mBM\VGW%5XV4e +rM[OK#M'6S1ҒCͼ_h9vRy+G5 &8q-^bUe&zx֮5I-{x^S38]z<E˝ 6O?:ZQֶ<]Yw9xo@O_5͌f)esG++Vyb$mo:wcՀ?\WYGjvq 5 `8\[ P۬Q;bEm2M N_1!/U  *aRP";y?ʾ4 ۮߏIB5l/鯍|X|G:n[ Q-z&iA@"Z>Rm?/2?^^' D#_UF)}Ab 3g']o<3ow=I7ے?xTUSogj, 6z^_𮵆Ͷz,?v5#+کKnI:W 8 H[-ZMt&_H1ݿ==U],616竻59cʎW'<>jA]gX}e]?Rrmm k*^9iCRWB]͟I{ 3vz~n"B?{UGr?j4TA۰EWiryS%Tb^N(R4G Nk4 IkibϋH-O= xZ^) r XI\^xW} S[%[ƕFI|_]>c/5 ԭs ^SO#9>.s{4H*?K-*oqTf:;]+ 5%q4p=WKKw|`[JomW;ז>޽jua-4tГ5{02ʫ)+\yhߊkĶ[ ryΥto/da5tcMkgSa]JEm4HZ09Y:^4seHYRUa:<{0n+5 5ąm4tRZΡ~Z]J5NiJԚn)q) f)@]7ߏh?{+fl*1E/Nuab 1L7ޖ1jb*j,TX׭B!~k OiV?TR@Sas"iqOATv_*)sЩp+&jw5BoQv?_(3|\nBos?­a>Pp:SUnɟ|Ml5Ut^j'L!a_.K:~Jp>mR>#*tws_)=IUZOj.eo,}-G|SU񎔟EA~MA&zf5KT=OՔU9~#i vf|}ib~i_{;8ab!I5' ;WA&R<|973w3%UZɥ5P|ckǬ*/ FF|zF?ֽǞOvehF?δ ?aWZf?ºZ*[bfL>aWcUl>VF(~H? pDQSȣnNP!:(c+u3 )HdцC/ ӈӉi1@R*֑Hq`G4֤"e1 ͨZ|4ؖNG4Tvwp^ed@ *mf(QmlO\~2њa{؀ 32TNPqv sM#?"u7hsm( |# .5Dߦ^.>.?_I?OJp;2ep)᳜*.)z yJxny׫4_KԥԬ)Qڥ:We4tF*bqxY8`Q>{S҅l񁜁+¾*%pYȀm`Pr+|3uOMbÎȬGSFI66wM; gRV}Vm(4m{>Xgh1 5W__-E$K`~(ǁOtxIJE>]Fj_.kC"*8RM/G>c( oD,aR`VݳKAsUG-Oy!-'of‹zdxkb ATuD|{iGٚH ~ l-IT5~0\?|I/M=?aWa[I6.}__UtETtQRxh>bohAWU^?Z,~m]}9`JKS>cǠ#/ɮZ6>C^)ԽP<\iHO%XžqY#ok ff&GN)%_~x֨Co/ AHA '5&g⊵N+_jN9OY +wO:[oJJ,` J3y{ekAV"5ιo|.գD\2_zQBNɁbb\_}᳻Aobʾ&z SM:i?pc>$&kH-YO>n!eOμCǞ* Q cRqɦ\_wo %9?t{ҵgUep A $K8+B}rI՜]TT6F<;AGrj]/4d-©9"9Tׇj 縏Yywyn+Ojo/"֧﵃ya(S8sAhEa.\I Z| ~723dzukC\ Zzn-b{ K5ZRՕK"Jp5_umi5{;X&/>~ m Atҽ{Śi-@“^kJ\ͬxL13w<~T߳dSeYA>5_m\ŎIbӯ!,-4S u#ЊU┹6v’(.\i\i ~fש>g׌^=pjȾnpeWt2BXcbrLm~VnWG,.,D[WV7-LĬ5/_=}R="G+.mf5\Wٲ Qaz'PrqLN=ѹ߳L֗h:k|Et=ԥn! o;J|Z]/[f,Nl9pW/KjZ3SBբ6iF'ʭ8x:8a-컉~{-򍬁dL9+?ghop3ԃc/Y;ȯx_=mD2>#&< ^1*_/,cYbA᫾>= @l[t8>M3.ObZ>QR=3|Jn}knl? k>&_amr4u @<E}#š#z=X8B){Q/QR⤘w^: 4`+ Mt;9|Q?t~mTzwh8=)+Eas3&ÇrxSsqU*0]vuQw]G_Pxn(ҠvE$݇=9ѭŌJ-Xi4~T)@vP8 MS<,R$(~) D^`S`(* 7Al!ߍ98KWWMgIw5n-+1exYEkz O ݒnJ1\׋RÜeɮHW_.K*}ָ1W8X lkMq^&ơo-z5z]mVOGi傍71=@Y_ JX~N7<uk4&ktqzܚo"ҮFv>?׉tHÑE&|6{Ke;F˕wBҏmVx" TՕ(9O\z>ue F=OKگ0FG54V+Ju5 -{C.u{8eIUXzk0xOJѼ7isGFJ.3^OqnWtf}֮ 'SLmcV(2%n^׭|7yigj+gO/]OSY+cw6lvX0}5&jSz"ӕGvi|խSGj>*W,><_pӬY ׊|4FG ìH=J=k/@4U[|L \!I GC)wźdwv75|C?4i f sUqه7ƭ;RöuSLsVߍ5<XQ)Pm{e5%;yU4v|w7~571|semNW^ ד:Cj1kTwo^a87N:Ij׭V/@5濳 ;p84W@m|tCZt%Qד5eBLPwo_ι}#q'e 䞛~'j;ֆ9]8=ɏ$U%{G*)e߈kOVڽ]편8K?x$<c?jYF t @zn#-OJs?^~ڃ& Rz2|Ąn<,^Slo r^WXqܱ>\ٵ8Bߎ>x4YN?jv^M T^ 0{-oBD&;4)"| s[?|so+?6wBkM acںy& θ+s۞*EjA1ZdQXFxyc!cW]\ }-b ^e㿗IҺ_&BH"?\z]g=i (>k>VE|M_4 &2@ߍ`G4j yRk(ScyДiofu>ך|3֯<3C 峸?)=Cv 2U֍ix]G`T+e+Cr\9fFLr>|Ovچs8=@>_: _Ě]>)e錊l,mV% ttaXO0$WM_l:%.|ɨ2>#t1$JBGN.yHeAN+[ΩFc޺s VJ[):($;==ǩQVEETB}qRȓĻq@k6_X[}N^fLuyoVnc۾}Hף eዝBC䐣 L$[i6,Hpzk|BC,6];_WN=afkjɏvv>/6"p>V#s=n-m֣E|CKFd,0>CLwHo.Y2GGX|Kˈ@`5?W5hoZݖ+i*k3NoZI_Y֔{ |ϣ5k32Bԥi?K\yw wD4=*ТȌy䤐b_žZe <?kmK팍~\mgio]OKQp,TjJ)E^ukI$kZދr؊0}moA:=>T]]KN;]lXk6ćw|UG$n"ndO~J|<Ɲ:xNzo<.VOcjx[yb2OR~躤F&jTZڞ{g/t+΋ғjö t'k~!|Bźe15_u h΀}cҳJIj; KURu_ σu kѷ@sW=/Ɲec~!unl`ZUrw=gP{*qe$% Ú5y^27Ɂ(Ҿ$Nv]V^c[%FށcݢGu2DۑX>55%,Z'n6|jk_m:9 +@襤>;yWOKH䉞Q H&P"`}R9 RJnM7gx fm"Gd'%:=WOᝯ&r}QF澠xEZc!qn'J \`'Qa]Ԕ&-ǘ\u[;,$ǙZ_|B{%{\w9?x&F%o.r1ֳ/Zfm}bg8?ֻE.gs4 Ctz07'21f'jAt"-k )nkNJWWaYxSG9T9VUzNA<6 V(EGdLΣlΗF[H]B: NE:+WPz)#E6I@ n#iO4@ MNҚiSXS|q0\ԔC_c~0]2 5ۤfEOf-ҧK'19L4ՔZ_Xg#ھBw|=됯Y?W{5K x^I˽@*\xƥ][K\8SWR5ʡ.½?m4gjqUbv%^V;(6⍰E}|UtHM?aQnSO*:5?R_gۏVwGw 읮ϲ'Ź)-N¹WβXcU9~)6nшXJ}-Bu#$;dC5RO !S)ScdA4ƺ__/6xu1=fWaWgӲ|H}=RL l\Zg=dc4̓5K>⓯Hl9?ҩV`NK_'փUJ}v{~rY >I@ʢ?kӾxw\o{B5zd+_ `rb`[A-c:vcj+F?.k"qqݜ^ _sFU3EI_+[fE+3t/1RKuD>*i\D>Z)vV59w6uej~3Ӣd$|ϊm)n"f\qnylxx?ŲXV1' Yz^Z81F;Gk ;*r:g#Ze)Ȯ2q2X\;2NINHN<3^wZӑ$VVFWJULKs)tqV#7$fac\Waνw7z4ğs QAtftI3}T/]A3}F~=vj6|zi!ǹ঒ww#ƭizs]J,wpJ*Gn tU$X[U;rGJ1kv{4$㉙qLUcݸONEzU#b+WlM$6;֮çl!G:,tgZF΄)1rNNF x+A%&MgUPTbu'թ"9RvZQ*9xvNѣFʸ^9wg6~zBsp1yK⽌)+1)Ǚn'm5tX15g*i: Dm } 5#^es+.(okC޵m4UJ mx?:wb)%v+}xvZ %$(kϤ\ene#q)l&{5Ϳ<0ڵ& C/=!` O+KҼK DrIs]CVm R**$BfW,-ΑFe?!ꖺYȯ9ʼ;Υ6]CW~F&=ޕA!vra Yi|uߌ5-|{GH$m6LkQUb`ȹ5ui:vQ\Py/0o=I$ M3Ug$mv<i|CEֹohLGsMҳ禾h (,u {3p=+f:|PnXi÷Oy%ɑK2jQ,7vRӼQ_\yG=k|3K,jiȆ(=IoRë7(6Sҵ:m__gzXB_:K\ \xZZo'o[s D3 %)\~|;|]\jJ9vW~*HOƨOU?.Skwn56A;ڍn8Iu$o1߄ֺ6&!HF"f /O5"鱶 >hfasGuqzkU ZMKvb 圎X'%'k\Ym`k~-/tt+s, O^]̺}陛;s> Qn>"D2ɂXcB4ԮUI粆K~=~>'M|޺򗨚ŋ,5G~5Gk+xC$00.@jՈ8u!r7PKX '̋ _NHy^|2Ad~U? t˺[ϗj^Aw}jكܜ(jSPeE]^$?>S7mGfU:~ m%e+,lQ װþ0萙r@럄ᾀ}-15}iq2Џn?)zJG`iE4מu\KֹPÅc{ ࢌn]#kǾx?UMvl"EFP Hx"'O<ʱ77*C=1אxm#:=zE30=+PмC.OpwqOfs?dյ+M(=I ^']Ƽᗄ]wymug x{zզьVptǙ;vY IֻAi5W1gvhid: yV< WN]`88 V|WKMG~Ct?5HU*c93᎗\:9?m7s ,p=7دգ_I_SAjsڤfkVI#O^?^v\?+AnV|j]ݞ<;E[s* UU-ϥ`V`cQBFM_M0Xz㊂"~uψzk-Z۳mjtUWn~8BڥVWQuƜrJ +F%t)Gߍk*Jڜ9F'~㊯ mmU-3\)*zubkM<[򾃠ztJM[$sT YtqaZW)9ZlQҔڒgMEuc® m;_!LoNx;+MZ9Z58=> B恍+_Ѯ2[)$?5Xys$ϐCm&y1}O437>GGgf1TҸ(l?4,WS4;|rqNݴukLZ=qڵJ1Mpר0xǗSn#nk|Yhڞ=iv}xT6n޴=xUq.kXzLak^e>7Z:zעb=7aM;ל|-@Sɸ'MƝl߿eG֛/ ‘Sg^~ʕH&i.+۝W,A3{N}EunY"GҼS_nl!`Rz:_:ˤ]hmBPTi) ZTg cUp8؃ 5œw 03N;=:NMV"T^;Uaa%U$r2kVi$` 5IH ZIFGlW+m*?ӛbitƖޱ8Eta T eY\Ϡ?fƅ08~"h7>%8%K7 gŶ^T8DXP+$7Gb5*~ڤ=ׯ* h(Wo_[jZrN8wW'Օ>RO*+1,OuHZY㝰kTl?~˞Mv:OkM{4.w7&} fx?_iv^xʈӖc 5ivw3!c|ǫ9'SM ?5B1\6x|E[75f=eֻxH>&]$ۀ1ɯ){5&| ĹRZCɨ®&>ѥ,ڜz+q L_Tw5':WkBx@AWm[l/jR-Kyz*XGwSZRZFH}}^gi,"%Xuw<3$ G$~fZOP$L]3JnZ3c/(񿇢KЍjTȇr~U~Ϳ?"Wx#ķ^ס-I*#W]Ƕ^0MOmHùgWKF cÏK2KkVOmjҘ*Fc_iڎrx^yxY[d[9*#k^Aoo 9iʝYڪ^^pT^SogC&F=zfKmo/ X^Eu݉v\n8߻ִ;j-4RL}lOU5ߟܴ~9'-^ԇ4zi@}cI|0}"|+߁ ~L?+םiiќƯ','?\ӵq4'j[Mլd`IhdU]@4(mR 3׳:|7 -n3qcˎ"5Cf dIտ#'wq:,H6`{YL&m):P.~}lY%Ķ*9QJӾ1O uc>`\C5*=A i/VOkGrVLN)xׇ4>3LVe ~fQ#5XoPX"+; >W:Фxl7j]NX?z>r#G^s#c?)#iυn嵹C&^=~8 t uj֬,L ,'9e"k{KZm[G9R8\nA5J[$Nֽ^3#ui#/.+Рϖrm%S&3^^~xϽ^q]G ߆i){ R ?zGt{,|EòyQZl՛¼~ ƻ͓ہuZW0*5s"I5so8--㝣5XCu#"ZiWm76sb޵5huc.ˎ1IAf=To7W@$-־o˒O955Y<+m*# ט@v688Düƻ}=ǭp :]+םW= w  ^ӚHNZaoCHn ;|4AT: Uy^:Ϋb`dU$c[$lnpznkQ姱e 8 ۴,ÃI>NA5J,Hr0.A䑂gNX@Mҡ0rI+3nZᘕgjq,8jcRXwwv[vU6tilsFgީ 0r+CR-2v8'ۭP3E*}:qwg|Cj ׮~ڗ<-9-gr=Ïל|Iƌm~˗j5 jб b@=pH?W8ڡ=y$-vHkAwk {':^%$ ]R#ڼis/7V) ,){}1% vJ%x,sMM+z 9~e{mjku:E]c1fƬYATKgnbL*Wkh&<;k7~lOr Xڼx2]YG4fF*895FS 1Q*4{Q*5H-e-Ꟊ|?Ľ?Qդe54S~NH)YkV.ahLjo4-sZ)m ux4Jʴ}g^ ,OkM+U:օn ˆN|FV b>bwz;:PQqOrqjZ_ x3RwN`p^4i4M*S[mݜg [Mͤ`GWMX2rT+{F _F8`Wgῶ}KƸ#&@+U9[t< 4f-K;9g?QҪ?졙SU9/++Zr6V,q UON4BaeӴGʽ_ ?tῈjUr) bk#4Q(nZ޳ngy&I!{(S@jXkڞhm/%9vg.I,NsMG҅tiCjEp9C${ɨ9ֈwHGhtn}TSHF#k mE yNi7rM4p(>T I'i94qH`QژOz9@z9tp@7E74C֋j.G2L?koNkO|5v[ w½JGM"iW 454M8 u"i43,c>(Z=TM}h տX4xgic@4ZUn%'UK^)\iZ[I[U{bV)E-`U­ANxc5ߴ3[PЙ8>M5h`=ݟbO qMzO)bG'4ކQ&|U[ !,ҪYKi1I{^f-Ћj_0H4zgl5C'z׍Q{(ݢc7dKeV/9$s8w 7`9&ya3N{1d o.۲g"u6\`@q9f3n^4][+1 Z PH7]Fi&2;pO޴4BAp1SʭeE ſ& aEA{AL ᴹVBHx/-l<:⼗J4soXH6;ko[]5I{uy!]WQ7pш=wRr9*׌VGi'&0yUc𭟰VP;u7MۻtNG\zજV$Ee$^=k:zwvjU٫y"pZ?3ꚮ±+Ķx>ZDP"_چ XI?xN2y$&  #,} ZzJaI~b.Glu4W"0_x5>SGO?M?@?}#O/@E}v>;_~*~D_S᧊aN>_``cQʁ2|,c;YH x兺eT[LV _[z/GK۾i,y¬!ufh5{C67_ڏ &ZFƾj0|ᅨXRW_AQG*wϬ ~}bEu4NsSz ~ԯO^h݈޽o ~xl}WR^}yZ.52o5馐snj+J FHis˸]2+z?RMp^;W6,vmbE9袽_njO1 %-D+KWV?AZOk'WI5Ћfcް D妪[ʼ4Qa,wl]BOſ\P4CX#OPd67\j]{8 x#AZw??#? ҿW7𝅷uY H"YWM|ix~B Wyeqm/ܚ6b_t[),!]09I沨ڳ;\/eeA'M eQe?]n3XiZ ݓO Z‹Ic)[`5svvHʚwtVOU{iڍdorW?h;\ f> hry|ZltQůy=:YTy1>X펌?_Z-|.BLU*=JrΔVLmLgo[/6Ȭ}޺cF}i8e̵/D.xQH1sN=֋e>0B+:4ho*{돟 IpsvGƳ^'&*tӴy#Q8 2zr*RYտkj %q?^>/O"ky\҄U3k/T0hk'xHW.)BQA OԖp @hjZiFjhec*P,BI=+3Z1hZ=>Jd'){H.+2-^UiNî[Լ-io4ۈې?*~ ٽGfcRKZE?|+f'k+ҟҹ1x%W0=UU[+#:׷M Kzfm<]%ݱwP*ӱ*rp綂C47J4Kee2 ۵Ib`䜖w=)++:힉g% iOoy}ƽ)&euU 3gRWxg,Ҵ8˸"!#~1Ӽ3hfSUaIҗ7"Յ΢kr.܊|Q=mf3$W<<asM4 搚(Bklczczc"5}M|NxHo[6u`P┙&9al:G/hUxeab]VNF*^H:WlO նzM)T1On?aV [x's/ O.V>Sjvm/?M!׼A r̞ti0 DsJݛ⟄ 6iܠ.*eWBbƾxvMSF|#248\ 8*#pAHk޵ڄ {/EԳKi${Vc47:O~|^KTީ®!g8?AO)TZ,]WzAsXX ⾖u?ƺUb5ޠ1x/tks£ o9YnD5+zHk^;7'ҌgOs1HK1ӅUճqVW׬cb2=[-bBʌð5> 72Y .t#7BC)9o4{E6¯i\y+:oy+ObȠA}t<_铺\gwR(|,zCgNnr8%MgYPeI p^'@TOXֆ˕w5$aqqUeOn9xnF sIv:-WVP?XZ\Si=E'mjL \`tW,-Wg5wV#FQFv-U"Jglwj-UF_iv '}*p]` MuÊdN;b-RilHlQ4Bkerv]*H7pGw`, pٜӅcgVme6 +P]Noގ椶 .B=55Mp-QgMzBy1whtt|vk_-U/P<)XVp{6uꬽ'Vƿ iO''8vrO &Q$d\-viNqZ9~Iqx1_H;xۍv"=k,:h0+(} _MÞ.T,.HڼD鏪#RLEN=3{Ż&Fi~U&|ьh;9.PGJrX)Z7e${ګxwP?xoCW^h^/ظFRpu!(7-Q 4k߆0IeeO Mm~[rKDޟ{灯^%\0Am>?ЩDޤu +*5]9;QSgm?©B_$sXgrZɮ5 -RdFS؂j@O+SwOpW(cMDvq6VHNl}̒1$Z?/؏,:{ꉹ2ˠ6+$h( OAd`pE;Go-[(A=nQS-o05ȹynޠy EMCz觽y{0-.@Apr>5adM\Lu{߿W9?x8r&:!u8uY`SI8~e8=kéO}NY'Fq]uπ=ĉyßH)*yة: _BogԬ. 猝yR?LK}7w0!QGZgoOi^'{Ju"tlǐGU>U$]2@!l*~ x:/|f v_ҳ̧+=X۩ _>cbqZM:TU1hxanxG`UpzMEeWP]|oZi6|^ox?~'!66$̻=Y+5ŲҥNxHqf'u4$%SXn˟|FOe~~wA3GcSMZ sU4+$Kުބ`^Oo|QHbm=78ע~oO >J['sK_5xvS.t)3X* gby}s|-h:ii]K3*c+_9hMoO>xW_ZsG"5IۀV:r3^7[?kV;UGkGg. ӭm :J-gQVծ kZW soBRnKq-a[Gʮg&ޛEuږׅR'S7Zκ~c|}]y촫>y IwEvХE 2Ӄ[**N$E4/#)$.9 ^zI-+zmÛk{;C?oİ2B۔p9ܚC(WM? m?+2![S* ^Jzk6Ơd!Y 'ޮiS_x^/@_S]/xjk"q枢q7uȤ[]|kԽʲ87Zp//,M1֪B[2{"F#Nr$sZyx:@$x<Øu@xj^IYq-RYZ_ۦ(#Ў3YGCz3Pq"ER׽_'hS]Emc^s{%Wiir{\l8'3Ⳓ]? ^L569ZGpq|Snҥecw7n\|&c+!- 8݌V2;ՙF1PɈ%dyݽ148C%z1n`>Šb0 8$U H[ bT|cˈ ]%цuz$P9%q\m_Q#> *k( NV]^TJog}7m*8=Esvz$95rkxY5fm$]Jp2׊|Ek9{υS"er[I־i97TS`|m=VW] Os !kJG=--4R c|T/</4C6JzZ5&~O<.NTB11y^SE^wbii%boymZO1ʧH{k.O3L2-zW>^JmYH7<_XY[O2ac#"jd'k⿎x,4'Vܣ滽4dԤ*Zm4˞[ʾ?LC=lWAjYT7a'aYevzdVkʴ-a$_jReeRzn'g57fNRzih>5дOjoI*B#t{rjrikߖœ1Zͪ>mZPk>4iŠ ,*$1xuޡ 2xOi:̙eR,$gQ**ds೿?܏ҼόBvW Zt.t0YQ}A^)敛z9һRR<϶$I9J>ʺ#C$E+O[H#5!LqS1Ją=2kjs Wao%(T$ n|5{xh-ټwB{|]hs+\ᶳ`ڥE6G{^6pjor/oz+ 7kmWcY0[?/ghu8/ggus~'XetMݳW]7|]uP\ܨHb5rJ\`ܖ8umެ=bOką{?=a_kж7/\CV I7|Hd g?ֻqڲ{ Ād{V|/H/B'үJK~9?~7ѵ&+4 @_i.-ԆgdjqjSX99W4Ouq9~L)IZ'ՙn&ym \tMt u|C,ʲG t(𵇈<>t@ٷt"/Jl^HE j5 N·cnςSԻZ}c'BGC|@&%7G=\ otW-3NstwK? +cu;2O 8v{4CONjYxɮ*hS];#iZ2G<#g'ڼ7:&ښhdi @=P׶h |3j wFLpS^9a2*#YB^Ыgϋu튶$dMeM&M}"ܩb 'Һ;s'؝2s$`?,O c X/~uab53k< nyi,3^ Op?XXׄ~ӣ7|[a_P5Pi+ֹoK;u;C2xW +H?j)! Z}@w}yzܪF}#o rT6] P׬4$Oވ??|&},&)/.1$cD7QN sQ"KDDTRd^~j #\5q!"l!;WYqjW&ȯ.?*%jW+}{G4{V87G74OoҾk3HbR%T@)#HŤff=KoNp7^a17%g`i:a䘀x/,#ǩ53WQɽCWGCW⽗w|_ޏu1l{E:IɶAFiʃKo䯔q+i뷖2!}s5tj2cUoo+|B P\M?ũm+#xʙVvH!q܎|3xqH c7W|`]5mI=K\]~'?5M}nKO٥~fU=iy*H4<ww[i~0P*4AO$$p73 bXr{PztG֋f(zRsJ)Tf}i)jRQ^3Uwn?߳ScWc./ONRiM%y% )I"'J P 4C@ E%QE JBJ)J O)`#mRZi4L'֓( 1↦RƄ&;_s+ۉuk\;D6<:Sr(z빕f\èЦf4.jqXZQM.},g5?7N߁wrǀ˜~T^oʽPh_X<ߕ/)Y*p4}fp{?s~USYnȒ$W~-H?m9`["?Yz_OξQa+~}ߝz X)X;sk~tkVgǸ,/z}R|~t}ߝ5Ǹ,/>'i?ξN\ѿ:Qy?oΟ|{Xo~$hvsAt=VEcs_*noe021=kjp[Tl]A, ۻ7 :)kΖ;vV(OO\BkQs=L%kMHîsۂrzg'&ٕkJERԵǭ`Yfq*>-Y`*:qPK .`n)[4IPZ]95ecjK]nZaNp$1H& 0XґC+ZpZ]UJ'Gq|4Q3SՏ !ŠE!zV1\qslse}[ivqp1U.Of:Y$?ߟ({ܘb@y'ڻk=vvJϥ*Ϋxp. g|BT-^( nz#]&ȭ5gMS{b_ym$U-{*OqWx'm5Ԛ|ˤ#֧?_#sb N}kknIfhXe^6 {RUwy?#4#]M$l-dI!Rmɓ cO ̿ 1['3[>NLacNnfΙl^J3MI'P> io> i?oV|ϸt™1O];V> xk ;/5T|s? 9O5_SO\ёaػ6^+: <86UI& S|bJo.9 _+?1zUS91Bb~cȥ}V`=b~~U Oz.o.{ޏ^ ~`{1}L?'~74j]v{?k?q?'ZG8Qj3?oO_~.gB~ ֯!|L>=u+*rGڇ+ `=VO'sKњЧحONo'DnHڵ?+I:4=$j'Χ :P;OMvn殺ڵ(3a\ װM{Z&*6. aMt,ȣtlZ&My7ֈ?e~ú(ߑZdIg`㦙g~ؚHdWɦq?i~'M,-Ы[Zd6a>V§i*G֤6PO2r^=Yu]*rYA($t\nC]5P L>$ȓo2^SDX|澏$rXy*VS)̶ *E{] hTPg5\OWmcYo#{x+c&8GKޡFbI=j,Kb4)'* NN[& OԶBLc Uu>,ѳbc鯊>[T-5u)W+Q$`A5<%ZTe%poja״2Rg)qSQP88UF^OYjeq<ŦfI\A VS}sx*#t^lOA+:'Ē'k1*´{Ȩ\m5;£u141ZPUs3 HtFU_fd`ׄ<5 Oh;\ioOtEuawgpYKi(k'K6%@m#6nYPkHC0 lm?P𞡥7 sKKn#9WPi.jŖpxg?Jߌ"V,_- Lckypj*D,RցҼ޽uihpv,}3Di;+u"UԎ󯞭aMrWBC`;].isY.g̬1XՄcLLѽs7'K;$77ҝrs\ɧp)F&ǫ4 9_i%<:Z r \'֧k7|;սU? cM,49xD7"I}k̛9#:|;򕷌?oE|oçÞ3mϋ 6"R,Z_S:h%lnFEmh\x^0z[⿁M[8ccoj}XG.ӊ}[O$3IQھޑ$8 &o3`ݟ֯i^K[6R`ŗjhv<<_zӝ>e> oֱP,UƑyVCHk?xxRͬ,{cTr[k6ۚ{o ޿&} |6㠌ϤLu"WQoCo-C~U+2N[t{=4jp(>\WƝJnd'}Z&.G*dž\$|Sͤx(>A_e>C1gn[.R@ֵHN05־0dV3'#ּWž5t:| xv ~%A|`TRJ6giG.!AyƼ+~?յv K~|u5q$vbzzYΖ: i澐v8+YPsם)ў`⠐+__u2ZpO+8c&yH)֌2b{W&;^koiwnOV=\yKƺ1YDA䌪AҾ}öHANY޳*^襋 gh4HR|}ڽ- Q Usɩ܅UƗ}O:&U 8Uo~ʥ!K,ܮ6N7a?3-\+Ųy0֤<_ T*ޱ \HcU[je7ȁ2y&!=i&6B*yCUs9!A%-2GfSsJ "J)Kv'h$Amj7-l5)低 3dvZ(5q(pOsuh~1N~{f4#ѿU|פֿA_= Y.Νu$+g*x?Q޺#F3uc&vkcwFڬx o 躉feu5 !z=ќƫȵ ]@+7Gm$cvrZͮ>3ol"Eq[q~Z|Q ]|Z|1Bk-7'S u(h2^tAx5MGeޣ" s^s={vI*,+o hSBCͬWw>JE`nj4GñUkkfO>wh~![I{Ȕ'^¤t6:\Mv|W`ʈ|HHoz;mok7x'V]&D(6:;[k0 nq.J#gڣƑ4[+Um!x,3D"=@t'n|YK:A0㝯g}NA7xynW,yKqt(IO⫻H;aVP=+Od_v=A0ez'gouqp?]8x_Tԟ|m˩]ˉbkRHWWi:x~_dV$^Fk~]3LCȫV5MzyXO7O-|I&=i׵|vcuI?yEcu;y5bzO*Xj*r_^m6c7hZ_3|/*Y.N0O s^>D#b;>e~ǚmRUQe'|mz:!O+g2F09qo?*cp?|#[9V夜WhUk:"vmM /KvR1'[,|1#Zsu&P>c^#eaKm?,vXn 1 f* 3EQEKҊ:{SP)hf]laa]mp>aЊqm4ҾkmSqZ=#Vl}2B$3Z "jMQlt-"}SYm+9;x%v5ݑv2iM{ɯ ^bekĒ|ZuBg~xOk&P3er oAEi".s3'|vKn(Eo߂t(m)<[/g ,g`yc{׫c&_Tmi"$| <` ׵"t#ʽ^̧b9Cz9ba#=|M"ҚMfVB,n#GL?@>$%n8H-呏 K&Y^ެM#^->_J[qc6C/QJ nj5L&U#9jBhK@2QrdsRuuRG -Wj ]sH|UƸ!q(RG j2 <qaƕU9+cԒiu&F-֝__ x0 KKCמoSMsMsP|Zi‚;B|_k\Xr7 EK^Zh89gl`x^>7K#`e4̑7d02t ZDխ ')4,sw\~.uw4 hEf[iC5"\̐++1+JuU-Ĵg|>LmˆW=~FSW_Ets$G.TJw<Ȭo.h;v>>. >h8A>|.$2ڼn3F.j5՛Se\W/G1wmqUn!Gˬ,˻|:W_a\Urһ;zɬ~--H[ehL䢓gQ)+H =lЖҽ3cǃAvʎ=04ja?yGPV' J[v}yXݻ9}kXT匣R1g\ #(}pksx/dž6p8?J==ܽk4!Rp}E( DFVeh9'z\># =Fid1C&_n*"F]G&)LCՊOZF%re y8VYi6O:EOֽ;Kke >}Kд,Oo$c?j56X,ь;ӏO_i:os|ҋɿkGpG]XY|@ٍ#H椙̎Y5khnhfQKGnh)MObQE%8RMPyo3ȩiIc _>^0=U~o_`ib H8IeVN:OA?!HKF{AV%Q#W*jڌ p>AkjUr+L]QpO &⟋\վ1m[jmзz\5}.RDT=x- 4]RW.&)Gk sma;t[+d0\5TvIi[EP#<~9Y;Z݆Sh[ =kwxĶڢ.jesLQJ8) E46ẖK{RhE>f+&ioΩ:HF7OsMSuhI|'4馟k?^ Zo]@Qxt?.yM%z)8u|'8kc)NkOgTmsY۟Z)潩 z9=jt$Q}y{Q^~˜ V? S.1??G_S.fqWh X3?FQoK2Y,;4@dk5Ѯs5Vg-EtQVdJoz?F.:鷟³u|4#R>TmW#7VNz1ٕ+><}ݎof)myl$I7:w5yʊw>cL&70h4gZ+L4ijDbEHL[~x?һWHhH#wڸZi=0|+%1{tͼ'p1>XYӄ>% guX E+Ұ~7\%Ό?2=t 0j~-O0\PT \t cN-*ZG1|ԧ3RgDFQ7,*C>M)/DWzP"s"6$(9RlJ 4CNj_jO$KqV5$h16NI&ܘGTQ|uӅ&w74)11|?1Kښb%I/%iy4M=_4 紘x9zd]gt%ohlON{totMg[rxQ+p)s^PHMnu4bL3HZnf4IY@sIwfHMIHHɣ4z i48(cM-CU*@U2~UGj5-ʇWTj6>,DǃEB<+C)0$Eq8<w,QIq]5q?s4xIO* e5z+вs]Ɨ[w.$"9*OFxw'=E]臉O.O&q?zQEgLi.`*My8MO<Z95Ն^1[ AR0zUb\o_/ᩌ r P$ckm_/fTȄ 3\c}G Y^j7^vs,gzV]La\A$@jƂ=(I].0[3:9B ?{##kPDZϚO4fUDX1cq1G־[ l'"IG#M|ķXK;)pm\cשz\xRi Iitd=A \5lٌK->[~'1HHD4sg6=6go9!z0B&+O+ ?^2g% 352)o<9c;WdԦ\y#@I Z$Iox{˶1鑹Uzsx~˲(O2=*"^GʫԱEj^nXղo@bNpAmy+N) J&KHq W̌0WV1oxH> X96iG=.ֵ~#?(.j(Ny ,\NA5W4.$PQmep*ᾑa|BԠYbO1L55YJJћ֐j4 j[R@7jg@>{+8D% psڸZfaHSU"cg{xźvGcɮnⶋ%$#o+{^Zם96Gx'+JZ<"  x`;?wr52zjVMk<7dsvZյo6Kygr[kU˖khY't-lJ$oY!Yn"$n*Ru즦mX4彲mгvy^G?* >~X糸Ǎh|IGĥ(9x:Jx$?w>S^!ĞbW|>R?{ {h /B>v{÷y,qNY'`i1ip`J ym5޵{qki"̍cE *ϲV~UI8o᷋bN=yq,z+=̠R>V= 緎xtr(u>KN('o͒0\(~dWxsBWmgZ՜}~luJ瞉s\U, $EqO DXt#ּ^o|@Y`#ž" 𭥖Q3}EO$fi.u;X?JmBΒk4xvs_{ycnv^Z&`RE$ugNWz]}2PVGP_uV7"#>- S3W#SkD>$_CAEz8ऌq׾|<$?,nbI+;fSQ\B*+Ǎ"ZQ736Eci"%u5 {3(߄ωo{ɧeQWW>YV݀0͏S:UW%FW\~uۇ&YOMsLGn,nG!ldta"NM2nj:iOJAJH6ڛKL2hO"A) HE-') <#.*SC6%Z(3%vkֱl-+D?坬K y0ˈɕPǵ<L~-Z\lϦz:%搰OөmHc'q=X־tcP 9)@ۥi)(_чviq4N.HVe<7o[\Ѭ@^]`| צ-a[ݶzdG Dm_^Sh>ϧۍxQ}X'pVnڣM*V#֤?=EoO פ~7?v`=fLbߑLNp؏Es2RU[W54cM RĤY}^QM-^qdWu"G:PVG]f`bAEyos@8?44 cIM94ą,zRqM$2*Acs@֨Nsޠy8""#(3%9%/Z-^SOZ&RwS[gS,dxI'pu  yGit-!OotUp{]NIGfo9 tҲ \2d2CuO x)//0CEU𯃍`ںV˖R:};_h| o{k"`q_V&VGiWs7 Lz^7kJ)hЯg|\F+_1 n3^.I$Zo i"oRkų]4WI8V75Q}/JPi)D}n~5.nk;wO 6zTX<F+ry?μm DXXd+Ѿ떷 A5y.ҹ>jP@Z3g0^׍.c('ڿ_E?:v־/f  O +I߱M]aE)aHQT7@1\Ŀ$As#w3c 3^ҠRTջχ>6y-p3#VQbգQpkȘEtBףV4/Gұ[ݜ?ky;#1WiM_ֺvj>#1م(/y|zPz]͜^hXB Fz uqr -N Ʊ.h~?'/תxSN~Q]Y]wd }kĻnQ;yc: *kJhn7(QaVr攔d5mѵe;ybMNTYWj-W:e+cUkxf%n`IKR)WBAB?rMZXM4E>+IՒRB #S/&Vr LVJY~7iKM֪Zħ]t]y}җ584N":^0KIE.h{4F)Z@>9q@ dY :ׅ!EE.({CC^t *`س_z}h8g?^Ƥ{:t LV88SWZ<(>4UNǧMN_wq5N]ZTP6p xQI{d8#QY! N&5 /";d`7e Z봛2{{[!pf 1!zʰ$NAp:Rn.mh}0Gz0+dQJWҦ6W?WlSݏֽWoOL|)?2d>rOZ~^R礅')QH}tMcրxHk6hli.iXO9d5]hƱ⤶cڧT3[SSsD^#"z,U59$jՀs^{ƢH2#O854f.՘ b\̫SҐSqOp$FvX晚J(®譍bȎӧ*jjvdb#K6?fU8G\&R`Ҵ]+XݾrlSI6nA53×i 0tDM-IRf#xӠgg^ r"`Kq"/z>ijZIt&I%E0UG_pZ6[kqXkɦZhRlC>]b t YCycܟv%7SpK‘z-ymݫcEh },d>9$N+Iݫ7qR[ʧcy#AY䒵#·z&pPv; bT!twqXnI]?$yVT|kaq26c=v:$֥\sU-M-]riy1zϊ.u-Mu %i%h}kRntxj+zFXv`:Ƽ^."'q^Lf ɏ!$_.w cx N@cGh[k594)Et>~>G/- ~\D9f+FAݗgt >o bY1$I=ŝݙͥГ<ܭЯcش [Ol*~>^=}*oɤɺb+S]w/H ӻ >4i^qCLP)i(QJ(sIފJ}- )fP)]WÄHt7UxT{i`I>\'#Oz=>rl_jioVHQQ֮axq"]T?ZGs>>>VkO30b$߅siӑZn6x Vs;I1Fx 2(̇ MnBbA&v{1ck ˢI9+s%@I P~`:z dsom-Yu"e'02H!n7םG `a{']Ku~3﹙I9SR m>Mٵ_dvT,PzqZR^7X0"ׁ~E@zO{n13*B/2lfm[+h?CTxwzFr)JEM( a4SM'4Ԛњjȧ$j&-Nv晜գ1YqUZݦɎ91L9MC6LF8TDԍF&2/:oCtmgHبenҸ_|h؎&G[RuQn"?@ "i3]s\> š7;)'0k0̊a*>OMp( i 5A Ciu[#/WZαskE69Q;apgKZE&x{7hx0Pg?h?: z:ucg5"0IRO<7Z|sv?ԫ?^KnJOK!$!j~%}J~'_Hv=u7wxJPLo~h2۷OWC5"RlRh-a^H>)LOC=m3R=P4Z6"KC?IEK>ú=4y 5O_gY\Si{9v+Cg4V a\%wGg 5ȏi.G4qr˰:ئkm a(1Έ5OzgU Ca!(xJomK"K1Z#uDuFm2~M̧EXk;ӏf0: Mw JUU?%5$)3KЀRfզ`4E%%S(\RQH/JpEIEz}y7x7 r?0?QOC(şJS(N;#[' O;8 ?Ɗ*㸖WjF?G$ a(j6_ MU=rbHgs³{oNz|9itƷ},2-Ob;u<Z9O.fI$i%rYI4oܝ.`~UiڤQE]/7lƖb=x >ȣ'cch*|Ə袼zB8E4Kc\Қ SsHzf)41}*S2؃PHQEYbQ!jp>QPjM(! f?'h͟^G 4u0i٢&4QLAhP$?lz(|⑷:+4Q^v7 f*%TQI<(QE4LE& *FsE2E>*@7SJ$qћ󢊖оt笟ѢXpOӅ<QvBy?:pԮj(v/?\f6Q?QEgROz0:(MD(=cOQE0m-3oNogn~(!?O_h3lW(3dm]g~0;ǟohD
Warning: fopen(https://newsweekme.com/wp-content/uploads/2016/05/2016-05-30T054312Z_799778551_S1BETGYUUYAA_RTRMADP_3_RELIANCE-DEFENCE-780x439.jpg): failed to open stream: HTTP wrapper does not support writeable connections in /home/newsweekme/public_html/wp-includes/class-wp-image-editor.php on line 428

Anil Ambani, chairman of the Reliance Anil Dhirubhai Ambani Group, poses for photographers before addressing the annual shareholders meeting in Mumbai, in this 2013 file photo. The Indian tycoon has seeking contracts to manufacture military hardware, and plans to turn his Reliance Group into a major defense company. REUTERS/Danish Siddiqui/File Photo

By Paritosh Bansal, Sanjeev Miglani and Promit Mukherjee

NEW DELHI/MUMBAI, May 30 – Anil Ambani’s Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn’t stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more.

Known for taking some ambitious bets over the past decade, some of which have failed to deliver, Ambani’s plans to turn Reliance into a major defense company may be one of his boldest yet. It has already bid for 840 billion Indian rupees ($12.5 billion) in Indian government contracts, senior executives said, though it hasn’t yet won any of those.

The success of the strategy will depend partly on whether he can persuade government officials and international partners that he can build sophisticated equipment and partly on whether Prime Minister Narendra Modi can get India‘s notoriously slow procurement process to work.

Modi has made defense a big part of his “Make in India” programme. As part of any defence contract, he is demanding foreign companies tie up with a local partner, transfer technology and move some manufacturing to India.

At stake is $250 billion in defense contracts the government is expected to award over the next 10 years as it looks to upgrade the military’s aging equipment.

“We hope to have a significant share of this pie,” said R K Dhingra, chief executive of Reliance Defence. He predicted the company will “emerge as a key player in the defence sector over the next few years.”

Reliance’s ambition is greeted with scepticism by many in the defense world.

An Indian military official involved in defense procurement said Reliance is overreaching in wanting to make everything from ships to planes. Some rivals and potential partners for the contracts said Reliance will struggle to master the manufacture of such a wide range of sophisticated military hardware.

“There is no quick money in this branch,” said Jan Widerstrom, head of Saab IndiaTechnologies, a unit of Saab AB . “It requires a lot of experience, high tech culture, investments and a long-term business plan.”

Still, Saab and Reliance are working together in developing the next generation Combat Management System for the Indian Navy and Coast Guard.

Recently, Reliance’s lack of experience and questions about its ability to handle sensitive technology and intellectual property counted against it in its bid to partner with the Russians to build 200 Kamov helicopters, said a Russian diplomat in New Delhi, who declined to be identified in this story because they weren’t speaking in an official capacity.

The contract, estimated to be worth a little over $900 million went instead to Indian state-controlled company Hindustan Aeronautics Ltd.

Ambani should identify core areas and concentrate on them rather than “be an inch deep and a mile wide,” said Nitin Gokhale, founder of defence website Bharat Shakti.

RELIANCE GROUP

The Reliance conglomerate split into two in 2005 after a bitter feud between Anil Ambani and his older brother, Mukesh. The latter got the flagship Reliance Industries, with interests in petrochemicals, oil and gas exploration, refining and textiles.

Anil got telecoms, power, entertainment and financial services businesses. But some of his businesses struggled, especially an ill-timed foray into infrastructure, and debt piled up.

Its Reliance Infrastructure arm, which includes the defense operations, aims to be debt free in the current financial year ending March 2017, according to Lalit Jalan, who is acting CEO of the unit.

To get there it plans to sell assets, including road projects and a stake in a power distribution company for about 180 billion rupees, according to another senior Reliance executive.

Ambani entered the defence sector last year, when he took a controlling stake in a company that made warships and energy exploration vessels, in Modi’s home state of Gujarat, called Pipavav Defence and Offshore Engineering Co Ltd, for about 20 billion Indian rupees.

That became Reliance Defence and Engineering Ltd. Since then, Reliance has bought hundreds of acres of additional land to build an aerospace facility and another shipyard in other parts of the country.

It has also signed more than half a dozen joint venture agreements with foreign companies, including one with Rafael Advanced Defence Systems of Israel, to bid for Indian government contracts as they come up.

An Israeli defense industry source said for Rafael the idea is that if it wins tenders, Reliance will produce some components for missiles and other systems.

BUILDING EXPERIENCE

Ambani has said that lack of experience is being held against his company.

“Despite a committed reformist mindset at the top, we are still seeing opportunities being denied to new players on grounds of lack of experience,” Ambani told a ‘Make in India‘ summit on defence in March.

Reliance Defence has been building an experienced team. Dhingra earlier headed Lockheed Martin’s India operations, and the company has hired a slew of senior army and navy officers who have executed large defence projects from conception to delivery, the Reliance executive said.

The group’s experience in managing complex projects in India, including building roads and power plants should help it, the executive said. For design, technology and complicated weaponry, Reliance would have a foreign partner, he noted.

Reliance expects to spend up to 20 billion rupees over the next three years in upgrading facilities as it gets business, keeping its outlay low as it waits for contracts, the executive said.

Thanks to its Pipavav shipyard, Reliance expects the naval part of its business to be the first to take off, he said.

It plans to bid for a $7.5 billion submarine contract that the government is expected to give out to replace the navy’s ageing and accident-prone fleet and narrow the gap with rival China’s rapidly modernizing fleet.

Ambani also has plans to bid for contracts in the future to make nuclear-powered submarines.

($1 = 67.3 Indian rupees)

Social Streams

Comments

comments

Facebook Comments

Post a comment