NEW DELHI, India – May 25, 2016 – PRLog — Reliance Defence is all set to manufacture 50-80 seater passenger aircraft in India soon in collaboration with its Ukrainian joint venture partner Antonov. This move shall make Reliance the first company to do so in the last 25 years after HAL (Hindustan Aeronautics Limited), which had discontinued production.
M.Matheswaran, President, Reliance Defence said that their JV would also be collaborating with the state-owned Hindustan Aeronautics in order to produce low cost passenger aircrafts to satisfy the overgrowing need for connectivity to nearly 400 tier-II and tier-III Indian cities.
The 51:49 joint venture between Reliance and Antonov would start by assembling aircraft with completely knocked down units at the aerospace park in Nagpur, which would sum around Rs 6500 crore, and the to complete the indigenization the company would require next 15-20 years. Reliance’s Aerospace Park in Mihan, near Nagpur hopes to initiate work on building aerospace components at earliest.
Matheswaran said, “We have submitted the first response to RFI (request for information) (called for by HAL) and will be followed by RFP (request for proposal), which we expect in two-three months’ time.
“When they issue the RFP, we will respond. Once we are confident we’ll win that, then entire set up will come in.”
Furthermore Reliance Defence’s chief summed up, “There will be some initial off the-shelf buying and supply to Indian airline operators first to show the strength and capabilities and (will) then follow it up by taking orders from them.”
The joint venture with Antonov would not only limit its business to Indian subcontinent, Matheswaran said. It will also delve into curbing the excess demand for low cost aircraft and also would be exploring opportunities available across the globe.
Reference Link:- http://articles.economictimes.indiatimes.com/ 2016-05-14/n…
original post by https://www.prlog.org/12560633-reliance-defence-intends-to-manufacture-80-seater-aircraft-with-partner-antonov.html at Telecom – Latest News