Anil Ambani-Led Reliance Defence to Set Up Shipyard in Andhra Pradesh
Mumbai:
Reliance Defence Ltd has signed an accord with the Andhra Pradesh government to set up a naval facility along the country's eastern coast with an initial investment of Rs 5,000 crore ($748 million), the company said on Sunday.
Reliance Defence, a unit of billionaire Anil Ambani's Reliance Infrastructure Ltd, plans to build submarines and aircraft carriers as well as to provide services including maintenance and refitting of ships at the facility.
It will be located 70 km south of Visakhapatnam in Andhra Pradesh.
Reliance Group chairman Mr Ambani cited estimates saying the Indian navy could spend nearly Rs 20,000 crore annually over the next 15 years on acquisitions and fleet modernisation of submarines and aircraft carriers.
This would generate a "huge pipeline of opportunity", according to a copy of his speech at an industry event released by the company.
The Narendra Modi government wants a greater role for the state and defence firms as it is forecast to spend $250 billion over the next decade to upgrade its military.
The government has, however, yet to move forward on its plans to build up the submarine fleet, meaning any order for companies including Reliance Defence may be years away.
($1 = Rs 66.8372)
© Thomson Reuters 2016
Anil Ambani-Led Reliance Defence to Set Up Shipyard in Andhra Pradesh - NDTVProfit.com
There are lot of ports that are being developed in AP. Very good opportunity for private players to grab a piece of real estate for the ever growing naval requirements.
For Andhra Pradesh Department of Ports
Andhra Pradesh govt initiates steps to develop 10 new ports
The Andhra Pradesh government has initiated steps to develop 10 new ports in the state, the Legislative Assembly was informed on Monday.
PTI | Aug 31, 2015, 05.36 PM IST
The Andhra Pradesh government has initiated steps to develop 10 new ports in the state. (Representative image)
HYDERABAD: The Andhra Pradesh government has initiated steps to develop 10 new ports in the state, the Legislative Assembly was informed on Monday.
The 10 new ports are Bhavanapadu Port, Narsapur Port, Ramayapatnam Port, Machilipatnam Port, Kakinada SEZ Port (captive), Meghavaram Port (captive), Nakkapalli Port (captive), Nizampatnam and Vodarevu and Dugarajapatnam Port.
The Centre has been requested to develop the Dugarajapatnam Port in Nellore district (major port) as per the Andhra Pradesh Reorganisation Act, chief minister N Chandrababu Naidu said in a written reply to a question from D Narendra Kumar (TDP) and four others.
The Kakinada SEZ Port (captive), Meghavaram Port (captive) and Nakkapalli Port (captive) have been awarded to different developers who have been requested to take up the development work, he said.
Land has been identified for the Bhavanapadu Port in Srikakulam district, while the process of identifying land is on for the Narsapuram, Ramayapatnam and Machilipatnam ports, Naidu added.
Legal issues are pending vis-a-vis the ports at Nizampatnam and Vodarevu in the state, which has a long coastline of 974 kms.
Andhra Pradesh govt initiates steps to develop 10 new ports - Times of India
Reliance Group's pact for Rs.5,000 crore naval unit in Vizag
IANS | Visakhapatnam January 10, 2016 Last Updated at 16:52 IST
Industrialist Anil Ambani-led
Reliance Group signed a pact with the
Andhra Pradesh government here on Sunday to set up a naval shipbuilding facility in this strategic port city with an initial investment of Rs.5,000 crore.
The pact was signed at the state's ongoing Partnership Summit 2016 in the presence of Andhra Pradesh Chief Minister N. Chandrababu Naidu and Reliance Group chairman Anil Ambani.
"It is estimated that the Indian Navy will spend over Rs.300,000 crore on acquisitions and fleet modernisation of submarines and aircraft carriers over the next 15 years, creating a huge pipeline of opportunity for the proposed world class naval facility," Ambani said.
"Our Vizag naval facility will aim to better the best in the world in technology and resources. It will complement our existing facility at Pipavav in Gujarat, with a clear focus on building strategic assets for the Indian navy," he said, terming it a futuristic venture.
"At an initial investment outlay of Rs.5,000 crore, it will represent the single largest investment at one location anywhere in Andhra Pradesh," he said, adding that it will not just generate thousands of skilled jobs but also create the potential for several defence ancillary units.
These, he added, can fetch the state another Rs.10,000 crore in investments.
"The world class naval facility will also help translate 'Make in India' into 'Make in Andhra Pradesh' and leapfrog the state to the top of the manufacturing revolution in India's defence sector," he said.
Ambani said given its location on India's east coast and its proximity to the country's naval establishment, Visakhapatnam was ideally suited for the manufacture of strategic assets such as nuclear submarines and aircraft carriers where there was a need to catch up with the world.
"India can become a regional superpower only its our maritime capabilities are strengthened through vigorous build-up of our surface and sub-surface fleet," he said.
"The US today has 10 aircraft-carrier groups operating around the world to project its power and protect its interests and on course to add another three, while we have barely one. The US has 72 submarines and China 69, India has a small fleet of 17 submarines," Ambani said.
"It is the same story other key areas of naval preparedness. The Indian Navy has today just one nuclear submarine on lease compared to China's dozen. Nearly 90 percent of conventional fleet in the Indian Navy is over 20 years old and due for urgent upgrade and re-fitment," he said.
"There is a projected requirement of an additional 23 submarines."
Reliance Group's pact for Rs.5,000 crore naval unit in Vizag | Business Standard News
