Bengaluru: The Adani group’s foray into India’s military industrial complex will concentrate primarily on aeronautics and the group is drawing up a plan to set up facilities for the manufacture of jet fighters and unmanned aerial vehicles (UAV) besides setting up a maintenance, repair and overhaul (MRO) hub for aircraft at its 200-acre land bank in Mundra, a top executive handling the new venture of the Ahmedabad-based company told ET.
“We have spent the last 12 months conceptualizing and have decided to concentrate on one sector – aerospace. We want to create a tangible presence here. We want to set up a complete hub spread over 200 acres and an airbase that can be used for all types of aircraft,” the executive said.
Sharing details of its defence venture – the first public announcement was made in March last year in Goa – Adani officials said the plan was to gain expertise in only the aeronautical sector of the defence market in the initial years rather than spreading itself thin targeting areas like land systems and warship production.
17/02/17 Manu Pubby/Economic Times
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“We have spent the last 12 months conceptualizing and have decided to concentrate on one sector – aerospace. We want to create a tangible presence here. We want to set up a complete hub spread over 200 acres and an airbase that can be used for all types of aircraft,” the executive said.
Sharing details of its defence venture – the first public announcement was made in March last year in Goa – Adani officials said the plan was to gain expertise in only the aeronautical sector of the defence market in the initial years rather than spreading itself thin targeting areas like land systems and warship production.
17/02/17 Manu Pubby/Economic Times
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