Reliance Industries Ltd is planning to invest up to a billion dollars over the next few years into its aerospace business, according to reports.
Reports said that the new business is likely to be housed under the company's two new entities - Reliance Aerospace Technologies Pvt. Ltd and Reliance Security Solutions Ltd - created about a year back.
The company may also hire as many as 1500 staffers to run the business, likely to be headquartered in Maharashtra