Saturday, February 23, 2019

Adani steps up presence at Aero India, on lookout for more defence acquisitions

Bengaluru: The Adani group has stepped up its presence at Aero India – it has the biggest display area at the show - after its acquisition of Bengaluru based Alpha Design, with senior executives saying that the plan is to buy into more aerospace and defence companies in India.
Adani Defence, which kicked off its production facility for UAVs in partnership with Israel’s Elbit last year, says that it has a good chance in the ongoing competition to manufacture 111 naval utility helicopters in India and has made a recent pitch to the government for a new range of UAVs for the armed forces.
“Things are looking positive in the naval utility helicopter program and we are displaying our capabilities from helicopter gears to systems and avionics. Adani is probably the only company that is currently setting up such capabilities,” Ashish Rajvanshi, who heads Aerospace and Defence for the Adani Group said.
The company, which has expanded significantly after its acquisition of Alpha Design, moved a proposal last month to the defence ministry, offering its Hermes 900 for an upcoming plan to acquire over 150 Medium Altitude UAVs.
22/02/19 Manu Pubby/Economic Times

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