“India defence manufacturing growth”

Adani Enterprises has announced the acquisition of Punj Lloyd’s Malanpur defence manufacturing unit, marking a significant expansion of its footprint in India’s defence sector. The move underscores Adani’s ambition to strengthen indigenous defence production capabilities, aligning with the government’s “Make in India” and “Atmanirbhar Bharat” initiatives. Context of the Acquisition Punj Lloyd, once a major…