Shivpuri, July 5 -- Adani Defence & Aerospace on Sunday laid the foundation for South Asia's largest private-sector missile ecosystem and announced a Rs 2,500 crore investment to establish this state-of-the-art facility in Madhya Pradesh's Shivpuri, with Jeet Adani, Director of Adani Defence & Aerospace, saying it will help replace "foreign dependency with domestic power."

Addressing the ceremony, Adani said, "Shivpuri is the next giant leap in that journey as we bring a full-range, integrated missile ecosystem to manufacture medium- to long-range missile systems, replacing foreign dependency with domestic power." He added, "But we are going deeper than just assembly. We are establishing composite propellant manufacturing as well as TNT ...