Adani Defence & Aerospace announced today (June 3) that it will build the largest integrated ammunition manufacturing facility in South Asia in Uttar Pradesh’s defence industrial corridor.
During the investment summit in Lucknow on Friday, the UP government inked a memorandum of understanding (MoU) with Adani Defence & Aerospace in this regard.
The conglomerate’s chairman, Gautam Adani, stated, “This is the greatest private sector investment in the UP defence corridor.” “Our big investments demonstrate our belief that today’s Uttar Pradesh will define tomorrow’s India,” he added.
Adani Defence is expected to invest Rs 1500 crore in the Kanpur node of the UP Defence Industrial Corridor to build a state-of-the-art ammunition development and manufacturing complex.
The complex, which spans over 250 acres, will feature cutting-edge technology in small and medium calibre ammunition as well as short-range air defence missiles.
Adani Defence has already built India’s first unmanned aerial vehicle manufacturing plant, as well as the country’s first private sector small arms production facility, and is currently building India’s first comprehensive aviation maintenance and repair facility in Nagpur. Small weapons, unmanned aerial systems, radars, defensive electronics and avionics, tactical communication systems, and electro-optical systems are all areas where the company already has a foothold.
Prime Minister Narendra Modi, according to Adani, is constructing a new India that strives to reclaim its former greatness. He complimented Chief Minister Yogi Adityanath for laying the groundwork for Uttar Pradesh’s trillion-dollar economy.
“Honourable Prime Minister, I had the privilege of closely observing as you conceptualised, executed, and institutionalised an economic model driven by tremendous focus on industrialisation and balanced development for all from the day you became Chief Minister of Gujarat, and now as Prime Minister you are implementing the same Gujarat model across the country, and the effect is transformational,” Adani said.
He went on to say, “Uttar Pradesh is a symbol of this quantum leap forward.”
The investors’ summit’s “ground-breaking” ceremony was addressed by Prime Minister Narendra Modi. The Prime Minister lay the foundation stone for 1,406 projects in the state totaling over Rs 80,000 crore on this occasion.
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