Reliance bags defence deal!
Reliance bags defence deal!
Indian Incs as well as Anti-Democracy Pro America Pak Spring supported by army urgently needs Indo Pak conflict!
Palash Biswas
Indian Incs as well as Anti-Democracy Pro America Pak Spring supported by army urgently needs Indo Pak conflict. Hence, Fighting intensified between India and Pakistan in the disputed Himalayan region of Kashmir on Wednesday, wounding a dozen along a more than 200-km (124-mile) stretch of border.
Indira Gandhi had been the goddess supreme for Dhiru Bhai Ambani who helped her to win the corporate war against Nusli Wadia and journalist like Arun Shourie, World Bank return could not spoil his game. Indira made the pillars of Reliance Empire, but the fact remains, global Hindutva made the empire global.
Mukesh Ambani and sibling Anil Ambani were not fools as they crossed fence and sacrificed his father’s great relationship with Congress and declared Narendra Bhai Modi, the King of the heaven at the occasion of vibrant Gujarat long before the Lok sabha election.
Here you are. Reliance is the master of growing Indian war economy as Modi makes in an America in India at the cost of Indian people, Indian democratic republic, democracy itself, Indian constitution, Indian security and internal security, green, civic and human rights privatising everything, even the sovereignty of India, the defence for which he opted for a corporate defender in the high profile defence minister tagged with finance, making the Gujarati PPP Hindutva model single window apps technically.
Now the great Indian dragon enters the scene and scenario turns to be Reliance Empire. It is the climax of magic Indian realism, of course. As so much so hyped it is that Narendra Modi has launched an ambitious plan to streamline a bloated and inefficient welfare system by paying for everything from cooking gas to university stipends via a bank account, in a bid to save billions of dollars a year. But resistance among more than 800 million people entitled to subsidised food is high.
The saffron PPP Gujarati ends in a war economy as fast as Modi quickly makes an America in India.
What a wonder friends! A small change in foreign investment rules-by doing away with minimum 51% holding by a single Indian entity in a defence venture-has helped Mukesh Ambani's Reliance Aerospace and Punj Lloyd bag licences that they had been waiting for.
Government has cleared 33 pending defence projects, including those of Reliance Aerospace, Bharat Forge, Mahindra Telephonic Integrated Systems and Tata Advanced Materials, a move that is expected to boost advanced manufacturing and attract huge investments.
The Licensing Committee, chaired by Secretary in the Department of Industrial Policy and Promotion (DIPP), has cleared these long pending applications last week and granted industrial licences to them, an official statement said.
The 33 projects include 14 cases whose applicants have been informed that licences were not required anymore as a vast number of defence items have been delicensed, it added.
"It has been possible to approve these cases as a consequence of the simplification of FDI policy," the release said, adding that the development would give a big boost to 'Make in India' campaign which seeks to make the country a hub for global manufacturing.
The Narendra Modi-led government has liberalised the FDI policy in the defence sector by hiking the cap from 26 percent to 49 percent.
India imports up to 70 percent of its military hardware.


