Reliance Defence’s, subsidiary of Reliance Infrastructure (RInfra),intent to form a joint venture (JV) with French aerospace and defence electronics major Thales to develop skills and activity in military hardware. The JV is to develop Indian capabilities to integrate and maintain the radar and electronic warfare sensors for fighter aircraft. While Reliance Defence will hold 51 per cent stake in the JV, Thales will have the remaining 49 per cent equity.

(Business Standard)