Adani Group to Make Big Investments in Indian Defence in Next 10 years : Adani CEO

Defense News ,India :-  The Adani Group plans to invest heavily in the defense sector over the next decade to support the government's push for self-reliance in defense manufacturing. Ashish Rajvanshi, the CEO of Adani Defence and Aerospace, mentioned that the company is working in alignment with the government's 'Make in India' initiative, emphasizing the need for collective efforts to achieve the goal.

Speaking at NDTV's 'Defence Summit,' Rajvanshi expressed the company's commitment to significant investments in the defense sector over the next 10 years. However, he didn't provide specific details about these investments.

Last month, Adani Defence and Aerospace inaugurated two large facilities for manufacturing ammunition and missiles. The Kanpur facility, spread over 500 acres, aims to become one of the largest integrated ammunition manufacturing complexes. It will produce high-quality ammunition for the armed forces, paramilitary forces, and police.

Rajvanshi highlighted India's historical dependence on defense imports and noted Prime Minister Narendra Modi's emphasis on a 'self-reliant India.' He commended the government's recent reforms, including initiatives to support private defense industries, encourage startups, and promote indigenization.

Rajvanshi emphasized the positive impact of policy changes over the past three years in promoting self-sufficiency in the defense sector. He stressed the importance of collaboration and the need for a strategic roadmap to garner support from all stakeholders.

During the summit, Rajvanshi mentioned the provision of modern drones to the Navy, suitable for both civil and defense applications. He also expressed optimism about India's ability to export ammunition in the future.

DRDO Chairman Samir V Kamat highlighted the organization's commitment to providing equal opportunities to both private and public sectors. He mentioned that DRDO has undertaken 1700 technology transfers with both sectors and is actively supporting startups and small companies in the defense sector. Kamat emphasized the evolving role of the private sector in contributing to India's defense capabilities.