Current Affairs - Business - Discussion

Reliance Industries said that, it is investing in establishing India's first carbon fibre manufacturing unit to cater the aerospace and defence sectors. Reliance Industries will also make low-cost and high-volume composite products such as modular toilets, homes and composites for windmill blades and rotor blades. Reliance Industries has not revealed its investment details. It has said in its annual report that, it has developed capabilities for 3D printing of wide-range of plastic and metals products. Reliance Industries is enhancing its petrochemicals business to capture Rs30,000 crore composites market. It has planned to manufacture graphene, enhanced plastics and elastomers, fibre reinforced composites that can replace steel. The focus areas are: wind mill blades and parts for railways and metros, which have exacting standards of performance and safety (especially fire retardant).