Indian Economy News

Reliance Defence signs warship repair pact with US Navy

  • IBEF
  • February 13, 2017

New Delhi: Reliance Defence and Engineering Ltd. (RDEL) has announced an agreement with the American Navy for repair and alteration services for warships of the largest forward- deployed Seventh Fleet operating in the region which includes Western Pacific and Indian Ocean. At any given time there are roughly 50¬70 ships and submarines, 140 aircraft and approximately 20,000 sailors under its command. Reliance Shipyard at Pipavav in Gujarat was the first shipyard in the country to receive the Master Ship Repair Agreement (MSRA) certification from the US Navy. The contract for an Indian private sector defence company like Reliance is also on the back of a long period of negotiations between India and US, which culminated in the signing of the Logistics Exchange Memorandum of Agreement (LEMOA) between the two countries in August 2016.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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