Business Update24 May 2026, 06:00 pm
Global Defence Industries: NIBE Inaugurates Shirdi Defence Complex
AI Summary
NIBE Group inaugurated its advanced Defence Manufacturing Complex in Shirdi, Maharashtra, in the presence of Raksha Mantri and the Chief Minister of Maharashtra. The complex will focus on advanced artillery systems, missile technologies, ammunition manufacturing, rocket systems, energetic materials, autonomous defence platforms, and space technologies. Key highlights included the unveiling of 'Suryastra,' India’s first indigenous 300 KM Universal Rocket Launching System, and successful trials of the 100 KM Loitering Munition 'Skystriker.' The complex is expected to generate over 3,000 direct employment opportunities.
Key Highlights
- NIBE Group inaugurates advanced Defence Manufacturing Complex in Shirdi.
- The complex will focus on advanced artillery, missile, and space technologies.
- Unveiled 'Suryastra,' India’s first 300 KM Universal Rocket Launching System.
- Successful trials of 100 KM Loitering Munition 'Skystriker' were conducted.
- Complex expected to generate over 3,000 direct employment opportunities.