Adani Defence Systems and Technologies Limited, a wholly-owned subsidiary of Adani Enterprises Limited (AEL) signed an agreement to acquire a 50% stake in General Aeronautics Private Limited on May 27, 2022, the company informed exchanges on Friday. The all-cash deal is expected to be completed by July 31, 2022.
The Adani Group company said it will leverage its military drone and Al/ML capabilities and work with General Aeronautics to provide end-to-end solutions for the domestic agricultural sector.
General Aeronautics is an end-to-end Agri platform solution provider, based out of Bengaluru, India and incorporated in 2016. It provides robotic drones and drone-based solutions for crop protection services, crop health, precision- farming and yield monitoring using artificial intelligence and analytics for the agricultural sector.
Adani’s announcement comes on the day when Prime Minister Narendra Modi inaugurated India’s biggest drone festival- Bharat Drone Mahotsav 2022. The Bharat Drone Mahotsav is a two-day event held on May 27 and 28.
Adani Defence has established India’s first unmanned aerial vehicles manufacturing facility, India’s first private sector small arms manufacturing facility and is currently in process of setting up India’s first comprehensive aircraft MRO facility in Nagpur. With the emerging threat of rogue drones, we have taken an initiative of implementing counter drone systems for both defence & civil applications
