Adani Allocates $ 362 mn for two local defence factories
DEFENSE

Adani Allocates $ 362 mn for two local defence factories

Billionaire Gautam Adani's conglomerate initiated the establishment of two defense facilities in northern India this week with an investment of Rs 30 billion. This move aims to strengthen the country's campaign for self-reliance and the promotion of local manufacturing.

The factories, constructed by Adani Defence & Aerospace, a closely held firm within the Adani Group, are situated in Kanpur, Uttar Pradesh, spanning 500 acres. According to Karan Adani, the founder's son overseeing the fledgling defense business, these facilities will be dedicated to the production of small, medium, and large caliber ammunition for the armed forces, paramilitary forces, and police.

During the inauguration, he mentioned that the factories will annually produce 150 million rounds of ammunition, accounting for approximately a quarter of India's requirements. Furthermore, they are designed to cater to the diverse needs of the Indian Armed Forces.

Karan Adani, who is also the chief executive director of Adani Ports and Special Economic Zone, conveyed this information at a news conference in Colombo, Sri Lanka, on November 8, 2023.

Prime Minister Narendra Modi has intensified calls to enhance indigenous manufacturing and decrease dependence on imports, creating significant business opportunities for conglomerates such as the Adani Group, Tata Group, Larsen & Toubro, and Mahindra Group.

Adani emphasized that India's heavy reliance on imports for defence needs not only limits the country's strategic autonomy but also hampers its economic potential. Adani, also serving as the chief executive officer of Adani Ports and Special Economic Zone, expressed these sentiments.

The manufacturing facility, expected to generate over 4,000 jobs, has the goal of producing 200,000 rounds annually of large caliber artillery and tank ammunition by 2025. Additionally, it aims to manufacture five million rounds of medium caliber ammunition a year later. The facility will also possess the capability to produce short-range and long-range missiles.

Billionaire Gautam Adani's conglomerate initiated the establishment of two defense facilities in northern India this week with an investment of Rs 30 billion. This move aims to strengthen the country's campaign for self-reliance and the promotion of local manufacturing. The factories, constructed by Adani Defence & Aerospace, a closely held firm within the Adani Group, are situated in Kanpur, Uttar Pradesh, spanning 500 acres. According to Karan Adani, the founder's son overseeing the fledgling defense business, these facilities will be dedicated to the production of small, medium, and large caliber ammunition for the armed forces, paramilitary forces, and police. During the inauguration, he mentioned that the factories will annually produce 150 million rounds of ammunition, accounting for approximately a quarter of India's requirements. Furthermore, they are designed to cater to the diverse needs of the Indian Armed Forces. Karan Adani, who is also the chief executive director of Adani Ports and Special Economic Zone, conveyed this information at a news conference in Colombo, Sri Lanka, on November 8, 2023. Prime Minister Narendra Modi has intensified calls to enhance indigenous manufacturing and decrease dependence on imports, creating significant business opportunities for conglomerates such as the Adani Group, Tata Group, Larsen & Toubro, and Mahindra Group. Adani emphasized that India's heavy reliance on imports for defence needs not only limits the country's strategic autonomy but also hampers its economic potential. Adani, also serving as the chief executive officer of Adani Ports and Special Economic Zone, expressed these sentiments. The manufacturing facility, expected to generate over 4,000 jobs, has the goal of producing 200,000 rounds annually of large caliber artillery and tank ammunition by 2025. Additionally, it aims to manufacture five million rounds of medium caliber ammunition a year later. The facility will also possess the capability to produce short-range and long-range missiles.

Next Story
Real Estate

Signature Global Awards Rs 5.6737 Billion Contract for Daxin Vistas

Signature Global (India), a leading real estate brand, has awarded construction contracts worth Rs 5.6737 billion (bn) for Daxin Vistas, an integrated township in Sohna, South of Gurugram. The announcement came during the Bhoomi Pujan ceremony, where the sample flat was also unveiled.The contracts were secured by B. L. Gupta Construction (P) Ltd. for Rs 4.82 bn to develop 2,792 independent floors in 36 months, while Shri Balaji Construction will execute external works, including sewage treatment, stormwater drainage, irrigation, and rainwater harvesting, for Rs 853.7 million.Lalit Kumar Aggarw..

Next Story
Resources

SOCOMEC Unveils High-efficiency UPS Delphys XM & DIRIS A-100/A-200 Meters

Socomec, a leading global specialist in LV power management solutions, proudly announces the launch of its latest solutions – the DELPHYS XM, an advanced Uninterruptible Power Supply (UPS) system ranging from 300 to 800 kVA/kW, and the DIRIS A-100/A-200, the ultimate all-purpose panel-mounted power quality meters, specifically designed to meet the demands of modern Data Centres and other critical infrastructures. With the DELPHYS XM offering advanced power management capabilities and the DIRIS A-100/A-200 providing intuitive energy monitoring, these products are set to revolutionize how indu..

Next Story
Infrastructure Urban

ASI Begins Underwater Archaeological Exploration in Dwarka

A team of five archaeologists from the Archaeological Survey of India (ASI), led by Prof. Alok Tripathi, Additional Director-General (Archaeology), has launched a new underwater exploration off the coast of Dwarka. The team, which includes H.K. Nayak, Dr. Aparajita Sharma, Ms. Poonam Vind, and Rajkumari Barbina, has chosen an area near the Gomati Creek for initial investigations. Notably, this marks the first time ASI has deployed a team with significant female representation for underwater research. The exploration is part of the revived Underwater Archaeology Wing (UAW) of ASI, which ha..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?