Reliance eyes security sector entry

However,a Reliance Industries official declined comment.

Lall is expected to join as a chief executive officer and president of a new division at Reliance Industries,newspaper said.

Overseas and Indian defence manufacturers are looking to take advantage of growth in Indian spending to modernise its military.

India has budgeted 32.5 billion for defence spending in the year to end-March,up about 4 percent on the previous year.

Meanwhile,a burgeoning middle class in an economy growing at nearly 9 percent has spurred rapid growth in commercial aviation.