The facility, to be set up at Rambilli along the East Coast near Vizag, would also lead to creation of a multi-tier array of defence ancillaries with further investments of Rs 5,000-10,000 crore and thousands of skilled jobs, he said.

Speaking here at the Andhra Partnership Summit after his group signed an MoU with Andhra Pradesh government for the facility, Ambani said it would complement Reliance Group's existing facility at Pipavav in Gujarat and will have a clear focus on building strategic assets for the Indian Navy.

The diversified group's chairman further said Reliance Group has had a strong business engagement with Andhra Pradesh and it has already invested Rs 15,000 crore and created thousands of jobs in the state across a range of sectors from telecom to power.

Stating that Vizag has for long time been a hub for commercial and maritime activities, Ambani said it has now grown to be one of the busiest harbour cities in Asia and it was ideally suited for the manufacture of strategic assets such as nuclear sub-marines and aircraft carriers.

Besides, it will also further Prime Minister Narendra Modi's Make in India mission in the defence sector, he said.

He said India can become a regional superpower only if its maritime capabilities are strengthened through vigorous build up of our surface and sub-surface fleet.

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