Gautam Adani, Asia’s richest person and the head of Adani Group, is now going to step into the drone sector as well. According to information given to the stock exchange by Adani Enterprises, the flagship company of Adani Group, its subsidiary Adani Defense Systems and Technology has bought 50 per cent stake in Bengaluru-based drone maker General Aeronautics.
On this deal, Ashish Rajvanshi, CEO, Adani Defense said that this partnership between General Aeronautics and Adani Defense is aimed at meeting civilian needs along with the army. Coming together of Adani Group’s UAV capability and General Aeronautics’ capability will give us a new platform.
General Aeronautics CEO Abhishek Burman said that together we will take this partnership forward and help India develop as a drone hub.
General Aeronautics was established in 2016 in Bengaluru. The company develops robotic drones for technology based crop protection services, crop health monitoring and yield monitoring services using AI and data analytics.
Fast growing Adani Group: Adani Group is rapidly expanding its footprint in all sectors in the country. Recently, Adani Group had bought country’s renowned cement companies Ambuja and ACC Cement from Switzerland’s Holcim Group for $10.5 billion. With this acquisition, Adani Group has become the second largest cement producer in the country after UltraTech Cement.
Gautam Adani’s wealth: This year Gautam Adani’s wealth has increased the most not in the country but in the world. According to the Bloomberg Billionaire Index, Gautam Adani’s wealth is around $ 102 billion, which makes him the richest person in Asia. This year Gautam Adani’s wealth has increased by about $ 25 billion, which is the highest in the world.