Adani Group wants to become the next big player in the defence sector. Adani group started its defence business in 2015. And since then, Adani Group has acquired, invested and partnered with companies that have long relationships with the Indian armed forces and have connections with the defence industries of Israel and Europe.
Adani Group has an order book of ₹8,000 crores from the Indian defence forces. In comparison, L&T Defense has an order book of ₹12,500 crores.
Adani Group and its partner companies are building drone plants in Hyderabad and ammunition plants in Uttar Pradesh.
The Indian government is planning to make around 60% of defence equipment in India. And according to reports, the Indian government will spend around ₹10 lakh crores on defence forces in the next 7 years.
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