aerospace / news / / Free Press Journal
Defence Minister Rajnath Singh on Saturday inaugurated the Nibe Group’s landmark Defence Manufacturing Complex and Artillery Shell Production Project in Shirdi.
The Nibe Group inaugurated India's largest private-sector artillery shell manufacturing facility in Shirdi, with a 500,000 unit annual capacity.
KEY POINTS
- Nibe Group's new facility aims to bridge India's missile-range gap between 150 km and 700 km using indigenous technology.
- The Shirdi complex also launched projects for missile systems connected to universal rocket launchers and satellite technology collaborations.
- The Nibe initiative involves nearly Rs 5,000 crore investment and is projected to create around 4,000 jobs.
COMPANIES
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