Reliance Defence, under Anil Ambani's Reliance Group, has entered a significant partnership with German defence giant Rheinmetall AG to establish a state-of-the-art ammunition manufacturing facility in Maharashtra. This collaboration aims to supply artillery shells, explosives, and propellants, aligning with India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives. The new greenfield plant will bolster India’s defence production capabilities, enhance self-reliance, and support the country’s ambitious Rs 50,000 crore defence export target by 2029.