Mar 09, 2024 03:18 PM IST
In a major move, the Adani Defence and Aerospace last month inaugurated two mega facilities to manufacture ammunition and missiles
The Adani Group will make big investments in the defence sector in the next 10 years in accordance with the Centre’s push for self-reliance in defence manufacturing. Adani Defence and Aerospace chief executive Ashish Rajvanshi said that everyone in the company will have to work together to realise the desired goal.
“India has been dependent on defence imports for a long time. Prime Minister Narendra Modi has emphasised on ‘self-reliant India’. India is currently the fifth largest economy in the world. The situation has changed in the last five years,” PTI quoted him as saying at NDTV’s Defence Summit.
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“In the last five years, the steps taken under the leadership of Defence Minister Rajnath Singh towards making India self-reliant in the defence sector are yielding good results,” Rajvanshi said during his address to the Summit.
The Adani Defence CEO cited policy initiatives for giving space to private defence industries and efforts to encourage startups, micro, small and medium enterprises (MSME).
“There has been a big change in the policies to promote indigenisation in the last three years — how can we promote our industry — now everyone is working in this direction,” Rajvanshi said, adding that a roadmap will have to be made and work has to be done accordingly.
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