The Adani group has started two defence facilities in North India this week at an investment of around Rs 3,000 crores which is in tune with the ongoing Atmanirbhar Bharat. This facility, built by Adani defence and aerospace at Uttar Pradesh’s Kanpur is of a staggering 500 acres and will manufacture small, medium and large caliber ammunitions for the armed force, paramilitary and police.
According to Karan Adani, founder’s son who’s overseeing the fledgling defense business, the factories will produce 150 million rounds of ammunition annually which is roughly a quarter of India’s requirements and will cater to the diverse needs of the Indian Armed Forces.
Prime Minister Narendra Modi has of late encouraged indigenous firms to start and boost the manufacturing sector and reduce their reliance on imports from other countries, creating business prospects worth billions of dollars for the country and its conglomerates.
Adani group : The manufacturing facility is expected to create over 4,000 jobs.
Karan Adani said that the country’s dependence on foreign imports for its military needs has not only constrained the country’s strategic autonomy but also limited its economic potential.
Furthermore, the manufacturing facility is expected to create over 4,000 jobs and aims to produce 200,000 rounds of large-caliber artillery and tank ammunition annually by 2025. It also aims at manufacturing 5 million pounds of medium caliber ammunition a year later and also be capable of producing short-range and long-range missiles.
According to the company’s website, Adani Defence already manufactures drones, anti-drone systems and small arms including light machine guns, assault rifles and pistols.
India’s heavy dependence on imports for defense requirements has not only constrained the country’s strategic autonomy but also limited its economic potential, said Karan Adani, chief executive director of Adani Ports and Special Economic Zone Ltd.
The manufacturing facility, which is expected to create over 4,000 jobs, aims to produce 200,000 rounds annually of large caliber artillery and tank ammunition by 2025, and five million rounds of medium caliber ammunition a year later. It’ll also be capable of making short-range and long-range missiles.
