Adani Invests $362 Million to Build Two Local Defense Factories.

Adani Group, led by billionaire Gautam Adani, has invested $362 million to establish two defense facilities in northern India. These factories, built by Adani Defence & Aerospace, will produce small, medium, and large caliber ammunition for the armed forces, paramilitary forces, and police. The facilities aim to produce 150 million rounds of ammunition annually, meeting a quarter of India's requirements. The move aligns with Indian Prime Minister Narendra Modi's push for indigenous manufacturing and reduced reliance on imports. The factories are expected to create over 4,000 jobs and expand their production capabilities in the future. [Extracted from the article]

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