10 March 2016 Current Affairs: The licensing committee of Department of Industrial Policy & Promotion (DIPP) has approved 12 industrial licences to the Reliance Defence, a subsidiary of Reliance Infrastructure Limited for manufacture of wide range of Defence equipment required by the Armed Forces. DIPP has approved these licences to the Strategic Business Units (SBU) under Reliance Defence Limited to address defence programmes in India and overseas.In the aerospace segment, with licences for manufacture of military aircraft and helicopters, the company plans to address the aircraft requirement of the Indian Navy pegged at Rs 9,000 crorer, light utility helicopters, an opportunity valued at more than Rs 20,000 crore. In addition, there is a requirement of 160-200 medium to heavy helicopter, valued at Rs 50,000 crore.For the naval systems, the company will focus on key systems as is evident from the licences for air independent propulsion technology and hull penetrators and connectors along with motor shafts and propulsion systems. Reliance naval systems is already working on C4I, underwater systems, weapons, radars and electro optic systems. the company is targeting different requirement from the Indian Navy, army and the Air Force. For the export market, Reliance Strategic Electronics Division (SED) plans to manufacture night vision devices (NVDs) and surveillance devices. This apart, the company plans to develop an infantry combat vehicle to address the domestic and global requirements.