Anil Ambani to venture into Defence

Indian tycoon Anil Ambani is seeking to win contracts to manufacture all of the military hardware and more. Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping them. Ambani's plans to turn Reliance into a major defence company may be one of his boldest moves till date. It has already bid for 840 billion Indian rupees in government contracts, senior executives revealed.