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Russia To Partner With Anil Ambani's Pipavav For Biggest Warship Project

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Russia has chosen to partner with Anil Ambani-led Pipavav Defence to build frigates for the Indian Navy under Prime Minister Narendra Modi's "Make in India" initiative, according to media reports. 
 
The project valued at $3-3.5 billion will be the biggest warship project by private sector. Russia has officially informed the defence ministry about the decision. .
 
The ships will be upgraded versions of Talwar-class ships, or the Russian equivalent of Krivak-III.
 
At 12.10 p.m., Pipavav Defence  moved up 7 per cent in the stock market. 

Pipavav, which is currently executing a naval offshore patrol vessel order, has India's largest shipbuilding facility.
 
Pitching Pipavav Shipyard as a one-stop shop for all requirements of the Indian Navy, from frigates to aircraft carrier and submarines, Anil Ambani has said he will invest an "additional Rs 5,000 crore" over the next few years in the project.

The Reliance Group chairman emphasised on self-reliance in the defence sector for flexibility to pursue country's foreign policy objectives and called for more transparent and predictable systems and procedures.
 
India stressed on domestic defence production under the “Make in India” programme, an important aspect of which is to get technology transfers and inviting foreign firms to manufacture in India.
 
In March this year, Anil Ambani’s Reliance Defence Systems, along with Reliance Infrastructure, made a big-bang entry into the defence sector by acquiring Pipavav Defence, a private shipyard based in Pipavav in Gujarat, in an all-cash deal. 
 
With the acquisition, Reliance Infrastructure joined a growing list of Indian companies entering the defence sector in a big way. The National Democratic Alliance government plans to give defence orders worth $250 billion through the next five years, a big opportunity for these companies.
 
Pipavav Defence has one of the world's largest infrastructure facilities - spread over 841 acres of land on the Gujarat coast.
 
It owns one of the world's largest dry docks, measuring 662 metres in length and 65 metres in width.