Monday, April 22, 2024

“Aswin Vijaya Kumar’s Journey: Blazing Trails in Business and Beyond”

Tirunelveli, India – April 19, 2024 – Aswin Vijaya Kumar, a prominent entrepreneur from Tirunelveli, India, is making waves in the business world with his exceptional achievements across multiple industries. Born on March 28, 1992, Aswin's journey from a young student with strong family values to a respected leader and visionary in business is nothing short of inspiring.

“Crematorium Wall Collapse in Gurugram Claims Lives of 11-Year-Old Girl and Three Others, Confirm Police”

In a heartbreaking turn of events, a devastating incident unfolded in Gurugram as a wall of a crematorium in the Arjun Nagar area collapsed, resulting in the loss of four lives, including that of an 11-year-old girl named Tanya. The tragic incident occurred when the wall facing Arjun Nagar crumbled, trapping four individuals and two children under its debris.

“BJP’s Moradabad Candidate Sarvesh Singh Passes Away After UP Polls”

In a tragic turn of events, Sarvesh Singh, the Bharatiya Janata Party's (BJP) candidate from Moradabad, Uttar Pradesh, passed away a day after the constituency went to polls in the first phase of the general elections. Sarvesh Singh, a seasoned politician with a five-time MLA and one-time MP record, was 72 years old and had been undergoing treatment for an illness at a Delhi hospital.

Adani Group’s ₹3,000 Crore Investment Boosts India’s Ammunition Manufacturing

Latest newsAdani Group's ₹3,000 Crore Investment Boosts India's Ammunition Manufacturing
Adani Group's ₹3,000 Crore Investment Boosts India's Ammunition Manufacturing

In a significant move towards bolstering India’s defense capabilities and promoting local manufacturing, billionaire Gautam Adani’s conglomerate has initiated a groundbreaking investment of ₹3,000 crore ($362 million) in the establishment of two mega ammunition factories. These facilities, commenced by Adani Defence & Aerospace, a subsidiary of the Adani Group, signify a pivotal step in India’s quest for self-reliance in defense production.

Located in northern India’s Uttar Pradesh’s Kanpur, spanning across 500 acres, the newly inaugurated factories are poised to play a pivotal role in catering to the ammunition requirements of the Indian Armed Forces, paramilitary forces, and police. Karan Adani, the founder’s son overseeing the burgeoning defense business, revealed that the factories will produce a staggering 150 million rounds of ammunition annually, equivalent to approximately a quarter of India’s total requirements.

The establishment of these factories aligns closely with Prime Minister Narendra Modi’s vision to bolster indigenous manufacturing and diminish reliance on imports, thereby fostering economic growth and strategic autonomy. The move not only underscores the Adani Group’s commitment to national security but also signifies a paradigm shift in India’s defense production landscape.

Karan Adani emphasized the strategic significance of reducing India’s dependence on imports for defense needs, asserting that it not only compromises strategic autonomy but also hampers economic potential. The newly inaugurated manufacturing facility is anticipated to generate over 4,000 employment opportunities, further contributing to the nation’s socio-economic development.

Looking ahead, the manufacturing facility aims to ramp up production, with plans to manufacture 200,000 rounds annually of large caliber artillery and tank ammunition by 2025, along with five million rounds of medium caliber ammunition in subsequent years. Moreover, the facility is equipped to produce short-range and long-range missiles, demonstrating a comprehensive approach towards enhancing India’s defense capabilities.

Adani Defence & Aerospace has already established a strong foothold in the defense sector, manufacturing a diverse range of products including drones, anti-drone systems, and small arms such as light machine guns, assault rifles, and pistols. The conglomerate’s foray into ammunition production marks a significant milestone in India’s journey towards achieving self-sufficiency in defense manufacturing and underscores the nation’s commitment to bolstering its defense infrastructure.

Sources By Agencies

Check out our other content

Check out other tags:

Most Popular Articles