Reliance Defence Manufacturing: Emerging Private Sector Powerhouse Reliance Defence Limited, a subsidiary of Reliance Infrastructure Limited (RInfra), is a leading private player in India’s defense sector, aligning with the “Make in India” and Atmanirbhar Bharat initiatives. Operating in aerospace, naval systems, ammunition, and electronic warfare, it leverages India’s largest integrated shipyard in Gujarat and the Dhirubhai Ambani Defence City (DADC) in Ratnagiri, Maharashtra. With exports exceeding ₹1,000 crore and 25 industrial licenses, Reliance collaborates with global giants like Dassault Aviation, Rheinmetall AG, and Thales for technology transfer and production. The Rafale offset deal alone promises ₹20,000 crore in business. Despite financial challenges, including RInfra’s high debt and negative return on equity (-29.27% in FY24), Reliance is poised for growth, driven by India’s $130 billion defense modernization and export targets of ₹50,000 crore by FY29. Strategic joint v...