On Thursday, Reliance Defence said that they are going to make a joint venture with Ukraine’s Antonov. Reliance Defence and Ukraine’s Antonov devices to make 80-seater traveller aircraft. Here, we is the detailed analysis of this news:
Reliance Defence and Ukraine’s Antonov Devices to Make 80-Seater Traveller Aircraft:
Before this Ukraine’s Antonov did not accept the bid. But now, they have agreed to work in partnership with Reliance Defence. Reliance Defence and Ukraine’s Antonov devices to make 80-seater traveller aircraft. These two partners will focus on the manufacturing of military, para military as well as on the manufacturing of commercial aircrafts in India. This statement was passed by the Anil Ambani himself.
In addition to this statement, Reliance Group also claimed that the country needs more than five hundred aircrafts. These aircrafts are required in different roles. Besides this, the market will grow Rs.35, 000 crore in the next 10 to 15 years.
Reliance Defence also said that there are about 350 available airstrips which can be used effectively for domestic transport purposes. These 350 routes are never touched. This route is in consonance with civil aviation policy by MoCA. What is more, the company will provide employment opportunities to more than 7, 000 people in the country. People will get jobs from primary as well as in secondary sectors.
These aircrafts will contain two turbo fans along with high fuel efficiency air craft engines. These aircrafts would be capable of short field airstrips which have unpaved surfaces. These aircrafts will be used in many deliberative and strategic parts. These aircrafts will be produced in Aerospace Park in India.
The president of Reliance Defence, M. Matheswaran said, this partnership would work to manufacture lost cost passenger aircrafts within the country. For this purpose they will cooperate with the country’s aeronautics. With the help of this joint venture, they would definitely meet the growing demand of linking between 400 tier-ll as well as tier-lll. This is going to take 15 to 20 years to complete this project.
These two companies will focus on the other requirements also. This makes Reliance the first group to move forward in this area after Hindustan Aeronautics (HAL).
Conclusion:
At first, Ukraine’s Antonov didn’t response positively on the proposal of Reliance Defence. But, now they are ready to do partnership with Reliance Defence. It would be very beneficial because they will manufacture military, commercial and para military aircrafts. Reliance Defence and Ukraine’s Antonov devices to make 80-seater traveller aircraft. In addition to that, it will increase the market to Rs.35, 000 crore in future years. The company is also planning to do partnership with local aeronautics so that they can meet the growing demand.
