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Adani to set up South Asia’s largest integrated ammunition manufacturing complex
Adani Defence & Aerospace would set up South Asia’s largest integrated ammunition manufacturing complex in defence industrial corridor of Uttar Pradesh, Indian media reports said.
The UP Government has signed a memorandum of understanding (MoU) with the Adani Defence & Aerospace in regard during the groundbreaking ceremony at Lucknow on Friday. The Adani Defence is likely to invest Rs 1500 crore for setting up a state-of-the-art ammunition development and manufacturing complex in Kanpur node of the UP Defence Industrial Corridor. The complex spread over more than 250 acres will have state-of-the-art technology across small and medium caliber ammunition, along with short-range air defence missiles.
In his address at the UP summit, Chairman of the Adani Group, Gautam Adani highlighted the importance of having self-reliance in high quality ammunition and the proposed manufacturing complex.
Speaking on the eve of the signing of the MoU, CEO, UP Expressways & Industrial Development Authority (UPEIDA) and Additional Chief Secretary, Awanish Kumar Awasthi, said this project is going to prove as a landmark in the history of indigenous defence manufacturing.
Giving more details about the plans to build South Asia’s largest manufacturing facility, President & CEO of Adani Defence & Aerospace, Ashish Rajvanshi, said that the ammunition complex would have state-of-the-art technology across small and medium caliber ammunition, along with short-range air defence missiles. It shall be a key facilitator in India’s goal of achieving US$5.0 billion exports in defence manufacturing. There are plans to hire around 1,500 people, who will use the best-in-class technologies to manufacture high-quality ammunition for domestic and export markets.
News
Amendment of the Inland Revenue Act No. 24 of 2017
Approval of the Cabinet of Ministers has been granted at their meeting held on 19.05.2025 in order to introduce amendments to the Inland Revenue Act No. 24 of 2017 including the proposed tax revisions to enhance the tax structure paving way for state financial integrity based on revenue.
Accordingly, the revised draft bill has been prepared by the legal draftsman and clearance of the Attorney General has been received.
Therefore, the Cabinet of Ministers has granted approval for
the resolution furnished by the President in his capacity as the Minister of Finance, Policy Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and subsequently, forward the same to the Parliament for its concurrence.
News
Cabinet nod for “National Mineral Policy” – 2026
The National Mineral Policy was prepared for the first time in the year 1999, and the aforementioned policy has been amended in 2023 to cover matters such as preparing an updated data system related to mineral resources, adding value to the export of minerals, encouraging mineral-related industrialists, extracting mineral resources and managing the environment sustainably, and resolving the issues related to the ownership of the land arising in extracting mineral resources.
The revised National Mineral Policy has been reupdated in line with the manifesto “A Sustainable Resource Utilization – Generation of the Highest Benefit” under the policy statement of the current government” A Thriving Nation – A Beautiful Life.”
Accordingly, the Cabinet of Ministers has approved the resolution presented by the Minister of Industries and
Entrepreneurship to implement the so-formulated “National Mineral Policy—2026.”
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