Adani Group firm APSEZ on Wednesday announced that it will invest a total of Rs 3,500 crore to establish a propellant production facility at Shivpuri in Madhya Pradesh and a cement grinding unit with a capacity of two million tonnes in Guna.
Adani Ports and Special Economic Zone Ltd. (APSEZ) MD Karan Adani made the announcement at the Gwalior Regional Industry Conclave.
He said the unit in Shivpuri is strategically aligned with the ‘Aatmanirbhar’ mission aimed at turning India from a defence importer to a defence exporter. These two projects would generate over 3,500 jobs.
“We have already invested Rs 18,250 crore and created 12,000 jobs. Gwalior is fast becoming a tourism hotspot and a pool of high-quality talent and also a key transportation and trade hub. These developments are making Gwalior one of India’s emerging economic centres, attracting investments across sectors,” he said.
The Adani defence facility at Gwalior is the country’s biggest small arms plant and has established Madhya Pradesh as a global centre for small arms manufacturing, he said.
He praised Madhya Pradesh Chief Minister Mohan Yadav’s efforts and stated that the state is emerging as a notable model of economic progress under his leadership.
With reference to the Adani Foundation, he stated that the group has carried out projects in the areas of women’s empowerment, sustainable livelihood, healthcare and education that have impacted 80,000 households and 3 lakh lives across the state.
“I am proud to announce that we, Adani Foundation, will set up a jacket production centre in Badarwas, which will be 100 per cent owned by women as part of our women empowerment initiative,” he said.
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