With Modi government focusing on manufacturing defence equipments through “Make in India” campaign, a number of large industrial groups are looking at the option to enter into defence and aerospace sector in India. Gujrat-based Adani Group is following the path. A team of top executives of the company has been meeting overseas defence companies, exploring the various opportunities to partner for manufacturing different defence equipments. According to the sources familiar with the matter, the company is pitching Mundra in Gujarat as a possible production facility, owing to its land and sea linkages as well as presence of country’s largest private port and SEZ in the region.
The Adani Group runs businesses in power generation, gas distribution, coal mining, and logistics. In March this year, the group registered a new entity- Adani Defence Systems & Technologies Ltd, and has applied for a license last month to manufacture helicopters.
Adani is among the large conglomerates looking at the huge potential of defence and aerospace sector in India. Reliance Group, Mahindra & Mahindra, Tatas, and L & T have also shown keen interest in the sector. Regarding partnerships, Adani Group has met Saab, a Sweden-based defence and aerospace company. The Swedish firm specializes in building product range from fighter jets to submarines and is interested to establish its production facility in India. The Group is also in talks with Finmeccanica and Textron. According to the people close to the matter, Adani Group is interested in projects under “Make in India” and owing the largest private port and SEZ will help it to pitch for partnerships with other firms.