Anil Ambani lining up Rs 5,000 cr more in Pipavav Shipyard

July 16, 2015 15:40

Pitching Pipavav Shipyard as a one-stop shop for all requirements of the Indian Navy, from frigates to aircraft carrier and submarines, industrialist Anil Ambani today said he will invest an "additional Rs 5,000 crore" over the next few years in the project. The Reliance Group Chairman emphasised on self-reliance in the defence sector for flexibility to pursue country's foreign policy objectives and called for more transparent and predictable systems and procedures.

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