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Tag: defense 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.

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