Zee Media Bureau New Delhi: Adani Group is seeking a licence to manufacture warships under its newly floated defence arm.
The group is also evaluating options to set up a greenfield shipyard in Gujarat, besides leveraging its significant land holding for a defence manufacturing park, according to a report published in Economic Times.
Adani group had earlier applied to the Department of Industrial Policy & Promotion (DIPP) for a licence to manufacture helicopters under the new entity, Adani Defence Systems & Technologies Ltd. The group is also putting in place a team to identify military projects.
According to industry executives, Adani is yet to tie up with a foreign partner for defence manufacturing, but it is seeking licences in areas of interest that would be leveraged when a final decision is taken on specific projects.
First Published: Thursday, September 3, 2015, 11:08