Indo-Israeli joint venture opened

Adani’s unmanned aerial vehicles complex to cost $ 15 million

It is back to business for Telangana in its pursuit of attracting industrial investment and projects, post the hiatus for Assembly polls, with an aerospace park and Indo-Israeli joint venture for making UAV structures, on the outskirts of Hyderabad, formally opened on Friday.

Home Minister Mohammed Mahmood Ali, who inaugurated the Adani Elbit Unmanned Aerial Vehicles (UAV) Complex and the Adani Aerospace Park, sought to highlight the State’s “progressive” industrial policy, maintenance of law and order and the favourable weather conditions.

The Telangana government would enhance India’s defence and industrial capabilities by remaining in the forefront of defence manufacturing and attracting public and private sector investment in the area, he said.

The UAV complex has been set up through a joint venture of Adani Defence & Aerospace and Israeli firm Elbit Systems with an investment of $15 million. It would start with the manufacture of complete carbon composite aero-structures for Elbit’s Hermes 900 UAV. Eventually, the JV proposes to graduate into making UAVs.

Stating that there was scope for India and Israel to collaborate not only in defence but also in many other sectors, Chief Secretary S. K. Joshi invited firms to invest in the State. “We guarantee whatever we promise,” he said, pointing to the high ranking of Telangana with regard to the ease of doing business and how it issued approvals for industrial projects within 15 days.

Director of Adani Enterprise Ltd Pranav Adani said from the time land was made available to getting into commercial production, it would be nine months for the UAV complex project. The State’s investor-friendly approach would enable Adani and its eco-system partners to swiftly expand around Hyderabad, he added.

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Printable version | Apr 5, 2020 10:45:26 AM | https://www.thehindu.com/news/cities/Hyderabad/indo-israeli-joint-venture-opened/article25746052.ece

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