Anil Ambani in largest Indian Private Warship Contract

Anil Ambani in largest Indian Private Warship Contract

In keeping with the Ambani tradition of doing things ‘big’, Anil Ambani has parterned Russia in what is being touted as the largest private sector Warship contract in India.

Being executed by Pipavav Defence, a company recently acquired by Mr. Ambani, the contract valued at upward of U.S. Dollars 3 Billion, is expected to take upward of 6 years to execute.

This is welcome news indeed for the nascent private sector participation in Indian Defence production, a sector which was the ‘private’ preserve of public sector undertakings.

The project, a part of Prime Minister Narendra Modi’s ‘Make in India’ inititive, is valued between dollar 3.35 billion and it will be the biggest warship in private sector.