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<keyword id="19902194" type="General" weightage="20" keywordseo="Anil-Ambani" source="keywords">Anil Ambani</keyword>'s <keyword id="20479923" type="General" weightage="100" keywordseo="Reliance-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Group" meta.hostid="261" meta.entityid="Reliance Group">Reliance Group</keyword> has launched the <keyword id="24017314" type="General" weightage="20" keywordseo="Reliance-Group-Corporate-Centre" source="keywords">Reliance Group Corporate Centre</keyword> (RGCC) as part of its <keyword id="24017313" type="General" weightage="20" keywordseo="2030-growth-strategy" source="keywords">2030 growth strategy</keyword>. "The RGCC will serve as a strategic hub, providing guidance to the Group's companies as they pursue new opportunities and technological advancements," the firm said in a statement. The core team of RGCC will include experienced leaders of the Group -- Sateesh Seth, Punit Garg, and K Raja Gopal. Garg currently leads as CEO of <keyword id="20144587" type="General" weightage="20" keywordseo="Reliance-Infrastructure" source="keywords">Reliance Infrastructure</keyword>, while K Raja Gopal has been at the helm of Reliance Power for six years. He has over 27 years experience in the power sector. Other leaders from the Group companies will also be invited to the RGCC. "The establishment of RGCC aims to harness the in-house expertise of these seasoned leaders to support the Group's forward-looking growth initiatives and cultivate a new generation of leadership for future project," the statement said. The RGCC will play a pivotal role in mentoring and developing emerging leaders, blending experience with fresh talent to propel the Group towards sustained growth. A Reliance Group spokesperson highlighted, "We are thrilled to introduce RGCC, a team of seasoned professionals with a broad spectrum expertise. This strategic move aims to steer the Group's future growth by tapping into the vast experience of these leaders, will help navigate industry challenges and capitalise on new opportunities, drive innovation, and deliver exceptional value to our customers and stakeholders. We believe RGCC will be instrumental in shaping the next phase of our Group's success." In recent developments, Reliance Infrastructure Ltd and Reliance Power Ltd, key entities under the Reliance Group, have achieved zero bank debt status and outlined plans for expansion into new growth areas. Reliance Power has secured 1,270 MW of renewable power projects in Bhutan, while Reliance Infrastructure, through its subsidiary Reliance Defence Ltd, is setting up a manufacturing facility for small arms, ammunition, and explosives in Ratnagiri, Maharashtra, spanning 1,000 acres. "To support these ambitious expansion plans, the companies have announced a combined fundraising effort of Rs 17,600 crore. This includes Rs 4,500 crore via preferential equity issues, Rs 7,100 crore from Varde Partners through equity-linked long-term FCCBs, and Rs 6,000 crore via Qualified Institutional Placement (QIP), with Reliance Power and Reliance Infrastructure each targeting Rs 3,000 crore," it added.

Anil Ambani's Reliance Group sets up centre to helm 2030 growth strategy

<ul class="summary-list"><li>Fighting in Ukraine has given some of the ex-convicts Russia recruited their swag back.</li><li>These men are granted freedom after surviving their military service.</li></ul>Ex-convicts who fought for Russia in Ukraine are heading home with newfound wealth and swagger, <a target="_blank" class="editor-rtfLink" href="https://www.nytimes.com/2024/04/06/world/europe/russia-convicts-war-murder.html">The New York Times</a> reported on Saturday. Olga Romanova, who heads a Russian NGO focusing on prisoner issues, told The Times that around 15,000 ex-convicts have returned to Russia after fighting in Ukraine. The returning men, who are released without any rehabilitation, often go on to commit crimes once back home. Kirill Titaev, a Russian sociologist at Yale University, told The Times that the wave of "invisible violence" was a "big problem for the society." Experts The Times spoke to said some former prisoners gained confidence after their stints in Ukraine, and see their wartime service as a form of rehabilitation. Fighting in Ukraine has also left them financially well-off, as they were paid a base monthly salary of about $2,000 from The Wagner Group, a Russian mercenary organization, per The Times. That is also more than double the average salary of a Russian worker, who makes around $756 a month, Russia's statistics agency said in a <a target="_blank" class="editor-rtfLink" href="https://www.reuters.com/world/europe/almost-half-russians-say-salary-does-not-cover-basic-spending-survey-2023-10-23/">survey</a> released in October. Romanova told The Times that even the local police officers are afraid of the returning convicts and their newly-attained veteran status. Russia's <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/russia-losing-about-1000-soldiers-daily-not-stop-mass-attacks-2024-4">reliance on attrition warfare,</a> however, has seen the country <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/russia-recruited-over-100-000-prisoners-to-fight-in-ukraine-report-2023-12">continually drawing on its prison population</a> to boost its military manpower. Wagner first started the practice of recruiting inmates to bolster its ranks, offering the convicts full pardons if they <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/prigozhin-russia-tells-ex-con-wagner-fighters-not-rape-free-2023-1">survived a six-month stint in Ukraine</a>. The practice was then <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/russia-copies-wagner-prisoner-recruitment-10000-signed-up-april-uk-2023-5">adopted by Russia's defense ministry</a> in 2023. Sending prisoners to the battlefield, the UK's defense ministry said in May, would allow Russia "<a target="_blank" class="editor-rtfLink" href="https://twitter.com/DefenceHQ/status/1656535955338063873?s=20">to avoid implementing new mandatory mobilization, which would be very unpopular with the Russian public.</a>" The move, however, has not been without controversy. In November, <a target="_blank" class="editor-rtfLink" href="https://www.sibreal.org/a/vlasti-vypustili-na-svobodu-ubiytsu-4-chelovek-i-lyudoeda-s-sahalina/32696512.html">Russia</a><a target="_blank" class="editor-rtfLink" href="https://76.ru/text/criminal/2023/11/21/72933266/"> media</a> reported that <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/russia-frees-2-men-convicted-cannibals-fought-in-ukraine-reports-2023-11">two prisoners who were convicted of murdering and eating their victims</a> had been released after fighting in Ukraine. But even Russia's prison population is a finite resource. A local official told lawmakers last month that some prisons would be shut down due to "<a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/russia-shutter-prisons-inmates-ukraine-war-2024-3">a one-time large reduction in the number of convicts</a>." Russia's need to recruit more troops could put further pressure on its economy. Besides dealing with <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/russia-economy-putin-ukraine-war-moscow-outlook-2024-3">crippling sanctions</a> from the West, Russia has had to grapple with <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/russia-economy-worker-shortage-ukraine-war-military-wages-unemployment-2024-1">severe labor shortages</a>. The <a target="_blank" class="editor-rtfLink" href="https://www.reuters.com/world/europe/russia-short-around-48-million-workers-2023-crunch-persist-izvestia-2023-12-24/">Russian Academy of Science's Institute of Economics</a> said in December that the Russian economy had a <a target="_blank" class="editor-rtfLink" href="https://www.businessinsider.com/russia-lacks-workers-ukraine-war-labor-crisis-worker-shortage-2023-12">shortage of around 5 million workers</a>. "Unemployment is 3% and in some regions, it is even lower. This means there are practically no workers left in the economy," Russian Central Bank Governor <a target="_blank" class="editor-rtfLink" href="https://www.reuters.com/markets/europe/russias-depleted-workforce-threatening-economic-growth-says-central-bank-2023-11-09/">Elvira Nabiullina</a> told lawmakers in November. "The situation with personnel is really very acute." Representatives for Russia's defense ministry did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Russian convicts who earned their freedom fighting Ukraine are going home with swagger and a stash of money to burn: NYT

New Delhi, <keyword id="3658" type="General" weightage="20" keywordseo="India" source="Orion">India</keyword> on Thursday accorded an initial approval to defence acquisition projects worth Rs 2.23 lakh crore that included procurement of 97 <keyword id="6376012" type="General" weightage="20" keywordseo="Tejas" source="Orion">Tejas</keyword> light combat aircraft and 156 Prachand combat helicopters, in a major move to significantly enhance the combat capabilities of the armed forces. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, cleared the projects, at a time India is locked in a bitter military standoff with China at a number of friction points in eastern Ladakh for over three years. The defence ministry said 98 per cent of the total procurement worth Rs 2.23 lakh crore will be sourced from the domestic industries and that the move will give a substantial boost to the Indian defence industry in achieving the goal of 'Aatmanirbharta' (self-reliance) in defence industry. The DAC also approved a proposal of the Indian Air Force to upgrade its Su-30 fighter fleet by state-run aerospace major Hindustan Aeronautics Ltd (<keyword id="68124" type="General" weightage="20" keywordseo="HAL" source="Orion">HAL</keyword>). The DAC further accorded Acceptance of Necessity (AoN) or initial approval for procurement of two types of anti-tank munitions namely area denial munition (ADM) type-2 and type-3. The top body on procurement of military hardware also cleared acquisition and integration of automatic target tracker (ATT) and digital basaltic computer (DBC) for T-90 tanks besides approving another proposal to buy medium range anti-ship missiles (MRAShM) for the Indian Navy. The MRAShM is a lightweight surface-to-surface missile which will be a primary offensive weapon onboard various Indian naval ships. "The DAC accorded AoNs for procurement of Light Combat Helicopter for Indian Air Force and Indian Army and Light Combat Aircraft (LCA) Mk-1A for IAF from Hindustan Aeronautics Limited (HAL) under Buy (Indian-IDDM) category," the ministry said. Though it did not mention the specific numbers, official sources said 97 Tejas Light Combat Aircraft (Mark 1A) are being procured for the IAF and 156 Light Combat Helicopters (LCH) are being procured for the Army and the Air Force. In February 2021, the defence ministry sealed a Rs 48,000 crore deal with the Hindustan Aeronautics Ltd for procurement of 83 Tejas MK-1A jets for the IAF. With the additional fleet, the number of indigenously-developed Tejas aircraft being procured by the IAF would go up to 180. "The AoNs have also been accorded by the DAC for upgradation of Su-30 MKI aircraft indigenously from HAL. "While procurement of these equipment will provide enormous strength to the IAF, acquisition from domestic defence industries will take the indigenous capability to a new height," the ministry said in a statement. "It will also reduce dependability on foreign Original Equipment Manufacturers (OEMs) substantially," it added.

India approves defence acquisition projects worth Rs 2.23 lakh cr

The volume of password attacks has risen to an estimated 921 attacks every second globally -- a 74 per cent increase in just one year, a <keyword id="10387" type="General" weightage="100" keywordseo="microsoft" source="Orion">Microsoft</keyword> report has said. From July 2021 to June 2022, the tech giant's digital defence teams blocked 34.7 billion identity threats and 37 billion email threats. According to the '<keyword id="12280146" type="General" weightage="50" keywordseo="digital-defence-report" source="Orion">Digital Defence Report</keyword> 2022', attackers are adapting and finding new ways to implement their techniques, thereby increasing the complexity of how and where they host campaign operation infrastructure. Attacks against remote management devices are on the rise, with more than 100 million attacks observed in May 2022 -- a five-fold increase in the past year. "To lower their overhead and boost the appearance of legitimacy, attackers are compromising business networks and devices to host phishing campaigns, malware, or even use their computing power to mine cryptocurrency," the findings showed. Human operated ransomware is most prevalent, as one-third of targets are successfully compromised by criminals using these attacks and 5 per cent of those are ransomed. About 93 per cent of Microsoft's ransomware incident response engagements revealed insufficient controls on privilege access and lateral movement. The most effective defence against ransomware includes multi-factor authentication, frequent security patches, and <keyword id="10549538" type="General" weightage="50" keywordseo="zero-trust" source="Orion">Zero Trust</keyword> principles across network architecture, the report noted. Microsoft said it synthesises 43 trillion signals daily, using sophisticated data analytics and AI algorithms to understand and protect against digital threats and criminal cyber activity. "Nation state actors are launching increasingly sophisticated cyberattacks designed to evade detection and further their strategic priorities. Cybercriminals have begun using advancements in automation, cloud infrastructure, and remote access technologies to attack a wider set of targets," said the company. To date, Microsoft removed more than 10,000 domains used by cybercriminals and 600 used by nation state actors. "Foreign actors are using highly effective techniques -- often mirroring cyberattacks to enable propaganda influence to erode trust, impact public opinion, and increase polarisation -- domestically and internationally," the report cautioned. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/myositis-the-condition-affecting-actress-samantha-prabhu-is-more-common-among-adult-women-say-doctors/articleshow/95304784.cms">Myositis – the condition affecting actress Samantha Prabhu – is more common among adult women, say doctors</a> <a href="https://www.businessinsider.in/india/news/delhi-pollution-air-quality-severe-for-3rd-straight-day-noida-records-529-aqi-gurugram-at-478/articleshow/95313876.cms">Delhi pollution: Air quality 'severe' for 3rd straight day; Noida records 529 AQI, Gurugram at 478</a> <a href="https://www.businessinsider.in/business/corporates/news/kv-kamath-appointed-independent-director-of-reliance-industries-jio-financial-services/articleshow/95313728.cms">KV Kamath appointed independent director of Reliance Industries, Jio Financial Services</a>

Password attacks rise to 921 every second globally: Microsoft

<ul><li>Over 1,300 firms and representatives from over 50 countries are taking part in the event.</li><li>During the Defence Expo 2022, 451 Memorandums of Understanding (MoUs) and agreements worth ₹1.53 lakh crore were signed.</li><li>Here are some products showcased at the <keyword id="15296776" type="General" weightage="20" keywordseo="defense-expo-2022" source="Orion">defense expo 2022</keyword>.</li></ul>The Defence Expo 2022 was inaugurated by Prime Minister <keyword id="6354477" type="General" weightage="20" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword> on 19 October at Mahatma Gandhi Convention and Exhibition Centre in Gandhinagar. This 12th edition of the event had been organized on the theme ‘Path to Pride’. Speaking at the event, PM Modi said that the Defence Expo is introducing Indian defense manufacturing capabilities to the world. Further, he added, India was globally known only as one of the biggest defense importers, now, India is exporting defense equipment and products to more than 75 countries worldwide. In the last five years, Indian defense exports have grown eight times and stood at USD 1.59 billion (United States dollar) in 2021-2022. According to the Prime Minister, the country now aims to increase defense exports to 5 billion USDs in the near future. With 1,300 defense companies and representatives from over 50 countries, the Defence Expo 2022 is said to be the largest expo held in the country. During the Defence Expo 2022, 451 Memorandums of Understanding (MoUs) and agreements worth ₹1.53 lakh crore were signed. Here are some products showcased at the defense expo 2022. <cmsannotation type="cmsannotation" annotationid="Mounted Gun System (MGS)" comment="subhead" text="Mounted Gun System (MGS)">Mounted Gun System (MGS)</cmsannotation> <div type="image" title="Mounted Gun System (MGS)" msid="95006269" hostid="261" sizebytes="69758"></div> DRDO is developing an Advanced Towed Artillery Gun System 155mm/ 52 cal (ATAGS) in partnership with the Tata and Kalyani group. In a Mounted Gun System (MGS), the entire gun is mounted onto a wheeled tractor, from where it can be fired without any dismounting or lengthy preparation. MGS can be brought into action in just 80 seconds. The MGS weighs 15 tonnes, and the KolosTatra tractor weighs 15 tonnes. MGS has cleared tests in deserts and high-altitude areas where it displayed accuracy and consistency. <cmsannotation type="cmsannotation" annotationid="The light tank" comment="subhead" text="The light tank">The light tank</cmsannotation> <div type="image" title="light tank" msid="95006326" hostid="261" sizebytes="34258"></div> After the encroachment of the Chinese army across the Line of Actual Contol, DRDO was pushed to resume working on a much-debated project, the development of a 25-tonne light tank that would be mobile enough for India’s high mountain border areas, jungle terrain and narrow roads and bridges. The tank has high-grade armor protecting STANAG level 4 and a high-pressure tank gun (105mm or 120mm). <cmsannotation type="cmsannotation" annotationid="Wheeled Armoured Platform (WhaP)" comment="subhead" text="Wheeled Armoured Platform (WhaP)">Wheeled Armoured Platform (WhaP)</cmsannotation> <div type="image" title="Wheeled Armoured Platform (WhaP)" msid="95006366" hostid="261" sizebytes="14646"></div> This multi-purpose vehicle is developed by DRDO and can handle chemical, biological, radiological, and nuclear attacks. This vehicle can also be used as a lightly armored ambulance. It is 8x8 wheeled and will weigh around 24.5 tonnes. Also, it will be amphibious, meaning capable of floating. Under the hood, the vehicle will have a 600HP Cummins engine coupled with an Allison transmission. <cmsannotation type="cmsannotation" annotationid="Trainer Aircraft HTT-40" comment="subhead" text="Trainer Aircraft HTT-40">Trainer Aircraft HTT-40</cmsannotation> <div type="image" title="Trainer Aircraft HTT-40" msid="95006385" hostid="261" sizebytes="18638"></div> PM Modi unveiled HTT-40, an indigenous trainer aircraft designed and developed by Hindustan Aeronautics Limited. The aircraft has been designed with pilot-friendly features, with over 60 percent in-house parts and collaboration with private industry. The HTT-40 will be used for basic flight training, aerobatics, instrument flying, and close formation flights, including night flying. The HTT-40 has completed all tests, including hot weather, and cross-wind trials. <cmsannotation type="cmsannotation" annotationid="Ballbot" comment="subhead" text="Ballbot">Ballbot</cmsannotation> <div type="image" title="ballbot" msid="95006405" hostid="261" sizebytes="117624"></div> The Ballbot is an ideal solution for surveillance, reconnaissance, and patrolling. It has a modular chassis and sensors that can be reconfigured per specific requirements. The Ballbot can be used for counter-intelligence and counter-terrorism as it will provide a remote eye on the ground. <cmsannotation type="cmsannotation" annotationid="EyeRov Tuna" comment="subhead" text="EyeRov Tuna">EyeRov Tuna</cmsannotation> <div type="image" title="EyeRov Tuna" msid="95006441" hostid="261" sizebytes="30260"></div> The EyeRov Tuna is fitted with a camera that sends live video feeds of the underwater environment. It can inspect railway bridge piers, ship hulls, dams, and port structures. SEE ALSO: <a href="https://www.businessinsider.in/business/news/indias-defense-exports-touched-a-record-13000-crore-in-2021-22/articleshow/92850833.cms">India's defense exports surge to ₹13,000 crore — private companies beat govt</a> <a href="https://www.businessinsider.in/defense/news/made-in-india-lightweight-combat-helicopter/articleshow/94613836.cms">Here’s everything you need to know about the made-in-India lightweight combat helicopter</a>

Defense Expo 2022: A big step towards self-reliance in defense with a new tank, gun system, and more

<ul><li><keyword id="3820" type="General" weightage="100" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword> is leaving no stone unturned in his bid to diversify from a select few industries like oil, retail and telecom to software and beyond. </li><li>SankhyaSutra Labs, a subsidiary of <keyword id="9093411" type="General" weightage="20" keywordseo="Jio-Platforms" source="Orion">Jio Platforms</keyword>, showcased software for drone and aircraft design, pitting itself as an option as India liberalises its drone policies and doubles down on defence indigenisation. </li><li>Gautam Adani, too, has announced his foray by picking up a 50% stake in General Aeronautics, a drone maker. </li></ul>Mukesh Ambani has set his sights on the Indian government’s defence indigenisation efforts. After drones, Ambani Senior is looking to enter the critical space of aircraft design through a Bengaluru-based subsidiary, SankhyaSutra Labs. The Reliance subsidiary, under <keyword id="2003276" type="General" weightage="20" keywordseo="Jio" source="Orion">Jio</keyword> Platforms, showcased a Made in India software that can be used to design aircraft at the AeroCon 2022 — an aerospace conference organised by the Society of Automobile Engineering. The company said that it intends to launch a major product in October this year, but stopped short of specifying exactly what it would be about. SankhyaSutra’s focus seems to be on making it easier and cheaper to simulate aircraft designs. Simulation plays a significant role in all aircraft design, particularly in defence. <div type="Article" hostid="261" msid="91892935" title="These four drone company stocks gave record breaking returns in one year" mstype="2" mssubtype="0"></div> “Accurate and reliable simulations can potentially reduce the need for expensive and time-consuming experiments, such as wind tunnel experiments, used for the design of aircraft,” said Dr. Vinay Kariwala, vice president of business development and SankhyaSutra Labs. “This opens up several possibilities by making aircraft design faster and cheaper, as well as allowing exploration of unconventional and radically new design alternatives,” he added. The company said it uses a combination of physics, mathematics and computer science for its designing tools. <cmsannotation type="cmsannotation" annotationid="Ambani joins Adani in capitalising on India’s drone needs" comment="subhead" text="Ambani joins Adani in capitalising on India’s drone needs">Ambani joins Adani in capitalising on India’s drone needs</cmsannotation> Last week, SankhyaSutra also showcased its products and solutions for drones at the Drone Festival of India 2022, where Prime Minister Narendra Modi was also present. India liberalised its drone policies and lifted restrictions on drone usage and expanded it from just defence to other sectors like — agriculture, tourism, healthcare and more. The potential of drones has caught the fancy of both Ambani and Gautam Adani - two of India’s richest men. The Adani Group recently picked up a 50% stake in a drone company called General Aeronautics. Drone company stocks have <a href="https://www.businessinsider.in/stock-market/news/these-four-drone-company-stocks-gave-record-breaking-returns-in-one-year/articleshow/91892935.cms">delivered record returns</a> of up to 160%. All the four listed entities – Paras Defence, Zen Technologies, RattanIndia Enterprises, and Bharat Electronics had gained momentum. It remains to be seen if Gautam Adani will follow Mukesh Ambani in launching a dedicated defence vertical as India doubles down on achieving Atmanirbharta (self-reliance) in defence. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/these-four-drone-company-stocks-gave-record-breaking-returns-in-one-year/articleshow/91892935.cms">These four drone company stocks gave record breaking returns in one year</a> <a href="https://www.businessinsider.in/business/corporates/news/ambani-and-adani-together-borrowed-more-than-1-out-of-every-5-from-foreign-lenders/articleshow/91909834.cms">Mukesh Ambani and Gautam Adani account for $1 out of every $5 of foreign loans</a> <a href="https://www.businessinsider.in/business/corporates/news/rakesh-jhunjhunwalas-delta-corp-stock-lost-more-than-a-third-of-its-value-in-two-months/articleshow/91957129.cms">Rakesh Jhunjhunwala’s gamble on this stock is proving to be a bust after it slips 20% in a month</a>

Mukesh Ambani sets sights on defence – showcases Made in India software for aircraft design

The <keyword id="32723" type="General" weightage="100" keywordseo="defence" source="Orion">defence</keyword> ministry has approved a fresh list of 928 components and subsystems which will only be procured from the domestic industry after a ban on their import kicks in under a staggered time-line of around five-and-half years. The ministry on Sunday said the aim of the move is in sync with the government's overall aim to promote 'Atmanirbharta' (self-reliance) in defence production. It is the fourth such "positive indigenisation list (PIL)" comprising line replacement units, sub-systems and components used for various military platforms, equipment and weapons. "To promote 'Aatmanirbharta' in defence and minimise imports by defence public sector undertakings, the <keyword id="6369097" type="General" weightage="50" keywordseo="ministry-of-defence" source="Orion">Ministry of Defence</keyword> has approved fourth Positive Indigenisation List (PIL) of 928 strategically-important line replacement units/sub-systems/spares and components, including high-end materials and spares, with import substitution value worth Rs 715 crore," the ministry said in a statement. The aim of the indigenisation list is also to minimise imports by the defence public sector undertakings (DPSUs). The defence ministry has set specific timelines for import ban of the items, spanning the period from December 2023 to December 2028. This list is in continuation to the three similar PILs that were brought out in December 2021, March 2022 and August 2022 "These lists contain 2,500 items which are already indigenised and 1,238 (351+107+780) items which will be indigenised within the given timelines," the ministry said. Of the 1,238, 310 items have been indigenised so far, it said. The items which were already indigenised comprised 262 from the first PIL, 11 from the second list and 37 from the third PIL, according to the ministry. "The DPSUs will undertake indigenisation of these items through different routes under 'Make' category and in-house development through the capabilities of MSMEs and private Indian industry, thereby providing impetus to the growth in economy, enhanced investment in defence and reduction in import dependence of DPSUs," the ministry said. "In addition, this will augment the design capabilities of the domestic defence industry by involving academia and research institutions," it said. In a tweet, Defence Minister <keyword id="6355121" type="General" weightage="50" keywordseo="rajnath-singh" source="Orion">Rajnath Singh</keyword> said the Narendra Modi government is committed towards indigenisation and ensuring self reliance in the defence sector. "Keeping this in mind, the 4th Positive Indigenisation List (PIL) of 928 strategically-important Line Replacement Units (LRUs)/Sub-systems/Spares and Components has been approved," he said. "The list includes high-end materials and spares, with import substitution value worth Rs 715 crore," Singh added. The ministry said DPSUs will soon initiate procurement action for these notified items. In the last few years, the government has taken a series of measures to promote domestic defence production. <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword> is one of the largest importers of arms globally. According to estimates, the Indian armed forces are projected to spend around USD 130 billion in capital procurement over the next five years. The government now wants to reduce dependence on imported military platforms and has decided to support domestic defence manufacturing. The defence ministry has set a goal of a turnover of USD 25 billion (Rs 1.75 lakh crore) in defence manufacturing in the next five years which includes an export target of USD 5 billion worth of military hardware. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/govt-to-roll-out-lost-mobile-blocking-tracking-system-pan-india-on-may-17/articleshow/100224875.cms">Govt to roll out lost mobile blocking, tracking system pan-India on May 17</a> <a href="https://www.businessinsider.in/stock-market/markets/news/fpi-bought-equity-worth-rs-18617-crore-in-may/articleshow/100225129.cms">FPI bought equity worth ₹18,617 crore in May</a> <a href="https://www.businessinsider.in/business/telecom/news/pm-modi-wants-us-to-start-building-rd-around-6g-technology-cisco-coo/articleshow/100224961.cms">PM Modi wants us to start building R&amp;D around 6G technology: Cisco COO</a>

Govt approves 4th 'positive indigenisation list' of sub-systems to promote domestic defence industry

Integrated manufacturing solutions company <keyword id="6521648" type="General" weightage="50" keywordseo="sanmina-corporation" source="Orion">Sanmina Corporation</keyword> and <keyword id="10849195" type="General" weightage="50" keywordseo="reliance-strategic-business-ventures-limited" source="Orion">Reliance Strategic Business Ventures Limited</keyword> (RSBVL), a wholly-owned subsidiary of <keyword id="10926" type="General" weightage="50" keywordseo="reliance" source="Orion">Reliance</keyword> Industries Limited (RIL), on Tuesday announced the completion of their joint venture transaction. The joint venture will create a world-class electronic manufacturing hub in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>, in line with Prime Minister Narendra Modi's 'Make in India' vision. All the manufacturing will take place at <keyword id="315784" type="General" weightage="100" keywordseo="sanmina" source="Orion">Sanmina</keyword>'s 100-acre campus in Chennai, with the ability for site expansion to support future growth opportunities as well as to potentially expand to new manufacturing sites in India over time based on business needs, the companies said in a statement. The day-to-day business will continue to be managed by Sanmina's management team in Chennai. The joint venture will prioritise high technology infrastructure hardware, for growth markets, and across industries such as communications networking (5G, cloud infrastructure, hyperscale data centers), medical and healthcare systems, industrial and cleantech, and defence and aerospace. "In addition to supporting Sanmina's current customer base, the joint venture will create a state-of-the-art 'Manufacturing Technology Center of Excellence' that will serve as an incubation center to support the product development and hardware startup ecosystem in India, as well as promote research and innovation of leading-edge technologies," said the companies. Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, cloud solutions, industrial, defence, medical and automotive markets. Currently ranking 104th, Reliance is the largest private sector company from India to feature in Fortune's Global 500 list of 'World's Largest Companies' for 2022. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/national-green-tribunal-slaps-telangana-with-a-3800-cr-fine-for-waste-management-failure/articleshow/94636341.cms">National Green Tribunal slaps Telangana with a ₹3,800 cr fine for waste management failure</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-5g-prices-may-be-affordable-for-now-but-expected-to-increase-after-wider-rollout/articleshow/94636173.cms">Reliance Jio and Airtel 5G prices may be affordable for now but expected to increase after wider rollout</a>

RIL, Sanmina completes JV to build manufacturing hub in India

<ul><li>India’s second richest man, <keyword id="3820" type="General" weightage="80" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword> is setting sights on a new ‘green’ path.</li><li><keyword id="10924" type="General" weightage="100" keywordseo="ambani" source="Orion">Ambani</keyword>’s head-first foray into green energy also sets him on a direct clash with <keyword id="111343" type="General" weightage="50" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>, currently the fourth richest man in the world.</li><li>Analysts expect the green energy business to be the new growth driver for <keyword id="6355199" type="General" weightage="50" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword>.</li></ul>India’s second richest man Mukesh Ambani is all set to disrupt another industry – green energy. And, do what he initially did to telecom, make it affordable. “Just as India has the world’s most affordable wireless broadband today, we will have the world’s most affordable green energy within this decade,” <keyword id="10926" type="General" weightage="80" keywordseo="reliance" source="Orion">Reliance</keyword> Industries’ chairman Mukesh Ambani said. Essentially, Ambani wants to pull a Jio with green energy – and India’s richest man, Gautam Adani, should be worried, since green energy is also one of his primary businesses. <cmsannotation type="cmsannotation" annotationid="A refining reset – setting the tone for a ‘green future’" comment="subhead" text="A refining reset – setting the tone for a ‘green future’">A refining reset – setting the tone for a ‘green future’</cmsannotation> Reliance Industries’ crude oil refining business is the bellwether of the oil-to-digital conglomerate, and now Ambani has set out to revamp it for a green future. Polysilicon is a key raw material in the photovoltaic supply chain – solar panels in simpler words. Unlike Adani, Ambani has the added advantage of Reliance Industries’ massive facility in Jamnagar, from where he can source up to 90 kilo-tonne of polysilicon – a key raw material in the photovoltaic supply chain. According to estimates, about 5 tonnes of polysilicon is needed to manufacture 1-megawatt worth solar modules. The 20 GW target would need about 1 lakh tonnes of polysilicon, and RIL already has 90% of that supply secure. Towards its green energy goals, Reliance has already inked partnerships with several global players, including Ambri in the US, Faradion in the UK and Lithium Werks in the Netherlands, with each offering expertise in energy storage. In addition to this, Reliance is also eyeing a piece of the pie in the green hydrogen space, teaming up with the US-based Chart Industries to commercialize hydrogen technology and set up a supply chain. It has also partnered with Denmark’s Stiesdal A/S for its next-gen electrolyser technology to reduce the cost of producing hydrogen from water. <cmsannotation type="cmsannotation" annotationid="Green energy will be the new growth engine: UBS" comment="subhead" text="Green energy will be the new growth engine: UBS">Green energy will be the new growth engine: UBS</cmsannotation> Reliance has committed $10 billion capex towards its green energy efforts last year. Analysts at UBS estimate capex of another $26 billion by the end of this decade. This of course is nothing compared to the massive $20 trillion opportunity that the new energy sector presents. UBS estimates that Reliance’s green energy investments could add $35 billion value to the company. Discounting this to the current day, it translates to ₹234 per share. The report also says green energy will be the new growth engine of RIL going forward. While the domestic renewable energy market is itself a massive opportunity for many large conglomerates, the RIL chairman’s ambitions go beyond India. “We will have the world's most affordable green energy within this decade. And these solutions will then be exported to other countries, helping them contain carbon emissions,” said Ambani. For Ambani, the volume play makes the most sense, especially in a country like India. With green energy being the future, diving head-first into this is an obvious choice for India’s second richest man. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/why-tejas-fighter-aircraft-maker-hal-share-price-up-in-2022/articleshow/93426056.cms">This defence sector stock boosted investor wealth by 75%</a> <a href="https://www.businessinsider.in/business/auto/news/tractors-and-better-cars-drive-mms-q1-net-profit-but-the-future-is-electric/articleshow/93374861.cms">Tractors and better cars drive M&amp;M’s Q1 net profit but the future is electric</a> <a href="https://www.businessinsider.in/business/telecom/news/heres-how-much-mobile-bills-can-increase-from-5g-network-service/articleshow/93312184.cms">5G services might kickoff in October but your mobile bills could rise sooner</a>

You Searched For "Reliance Defence" and got 9 results

Anil Ambani's Reliance Group sets up centre to helm 2030 growth strategy

PTI

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India approves defence acquisition projects worth Rs 2.23 lakh cr

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Password attacks rise to 921 every second globally: Microsoft

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Defense Expo 2022: A big step towards self-reliance in defense with a new tank, gun system, and more

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Mukesh Ambani sets sights on defence – showcases Made in India software for aircraft design

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Govt approves 4th 'positive indigenisation list' of sub-systems to promote domestic defence industry

PTI

RIL, Sanmina completes JV to build manufacturing hub in India

IANS

Mukesh Ambani is all set to do a ‘Jio’ with green energy

Rounak Jain

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