Reliance Defence Limited, a company promoted by Reliance Infrastructure Limited, on Monday announced it has entered into a strategic agreement with US-based defence contractor Coastal Mechanics Inc (CMI), to target India’s ₹20,000 crore maintenance, repair and overhaul (MRO), and upgrade defence market. In an exchange filing on Monday, the company said that the partnership will focus on lifecycle support for a range of platforms used by the Indian armed forces. These include Jaguar and MiG-29 fighter aircraft, Apache attack helicopters, L-70 air defence guns, among others. Reliance Defence and Coastal Mechanics plan to provide end-to-end MRO, upgrade, and lifecycle support solutions for these systems. "The segment represents a high-value, long-duration opportunity driven by the Indian military’s strategic shift from asset replacement to lifecycle extension and performance-based logistics," the company said. As part of the agreement, the two companies will establish a joint venture at the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) in Maharashtra. The facility will cater to both domestic and export markets, offering MRO and upgrade services for air and land defence platforms. (ICE NEW DELHI)

Fonte notizia: The Business Standard