Lucknow, June 4 2022: One the eve of the  Global  Investors’  Summit  here, the Adani Group has signed a  Memorandum of  Understanding with the Government of Uttar Pradesh,  to set up  South  Asia’s largest integrated ammunition  manufacturing facility in the UP Defence Industrial Corridor.
Ashish Rajvanshi, President & CEO of Adani Defence & Aerospace, said, “The ammunition complex will have state-of-the-art technology across small and medium calibre ammunition, along with short-range air defence missiles. It will  be a key facilitator in India’s goal of achieving US$5.0 billion exports in defence manufacturing. The recent geopolitical events have further reinforced that self-reliance in defence and security has to be accelerated. Unmanned platforms, short range missiles and ammunitions, cyber defence coupled with AI/ML driven analytics will become the decisive factors in the future wars and conflicts.”
CEO, UP Expressways & Industrial Development Authority (UPEIDA) and Additional Chief Secretary, Awanish Kumar Awasthi, said the project   would  prove to be a landmark in the history of indigenous defence manufacturing.
The complex, which is spread over 250 acres and  involves an investment of around 1,500 Crore is slated to have state-of-the-art technology across small and medium calibre ammunition, along with short-range air defence missiles. There are plans to hire around 1,500 people.
In his address at the UP summit, Gautam Adani, Chairman of the Adani Group highlighted the importance of having self-reliance in high quality ammunition and said the manufacturing complex was  Adani Defence’s endeavour towards equipping Indian  Armed Forces with state-of-the-art battlefield equipment.
Headquartered in Ahmedabad, India, the Adani Group is the largest and fastest-growing portfolio of diversified businesses in India with interests in Defence & Aerospace, Logistics (seaports, airports, logistics, shipping, and rail), Resources, Power Generation and Distribution, Renewable Energy, Gas, and Infrastructure, Argo (commodities, edible oil, food products, cold storage, and grain silos), Real Estate, Public Transport Infrastructure, and other sectors.