Zeebiz.com
New Delhi, July 29: An investment of close to USD 1 billion and a hiring of around 1500 people, Reliance Industries Ltd (RIL) is all set to go big with its new aerospace division.
An Indian newspaper quoted some RIL executives who confirmed the details of RIL’s plans.
The Mukesh Ambani-led company had applied for an industrial licence earlier this month with the Department of Industrial Policy and Promotion to ''design, develop, manufacture, equipment and components, including airframe, engine, radars, avionics and accessories for military and civilian aircraft, helicopters, unmanned airborne vehicles and aerostats''.