Reliance Industries Ltd. (RIL) will invest $1 billion “over the next few years” in its aerospace business, the Economic Times reported, citing company executives it didn’t identify.

The company will collaborate with global firms to bring aerospace technology to India, the report said.

To contact the reporter on this story: Siddharth Philip in Mumbai at sphilip3@bloomberg.net

To contact the editor responsible for this story: Paul Tighe at ptighe@bloomberg.net