Sunday, July 29, 2012

NEWS | Reliance may invest nearly $1 bn in aerospace business

Reliance may invest nearly $1 bn in aerospace business
Reliance Industries, India's third-most valuable company, is expected to invest close to USD 1 billion over the next few years in its aerospace division, the Economic Times reported on Saturday, citing unnamed executives close to the matter.

The company, controlled by India's richest man Mukesh Ambani, may hire about 1,500 people and collaborate with global players to bring sophisticated civil and military aerospace technologies to India, the paper said.

SOURCE: http://www.moneycontrol.com/news/wire-news/reliance-may-invest-nearly-361-blnaerospace-business-paper_736751.html
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