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Tembo Defence Products and Maharashtra Government Sign ₹1,000 Crore Deal to Strengthen Defence Manufacturing
Posted On : 2025-03-20 20:29:47( TIMEZONE : IST )
In a key development for India's defence manufacturing capabilities, the Government of Maharashtra has formalized an agreement with Tembo Defence Products Private Limited, a subsidiary of Tembo Global Industries Limited. The agreement involves a substantial investment of ₹1,000 crore, aimed at strengthening the defence sector in the state. This strategic move is expected to generate 300 new job opportunities, further solidifying Maharashtra's position as a significant hub for defence manufacturing.
The signing ceremony was attended by Maharashtra Chief Minister Devendra Fadnavis, who expressed his support for the initiative, and Shabbir Merchant, Director of Tembo Global Industries Ltd. The partnership will not only contribute to the nation's defence infrastructure but will also stimulate local economies through employment generation and technological advancements.
Mr. Sanjay J. Patel, Managing Director of Tembo Global Industries Limited, shared his thoughts on the development: "We are excited to partner with the Government of Maharashtra in this landmark initiative. This ₹1,000 crore investments will not only enhance our defence manufacturing capabilities but will also create a substantial number of employment opportunities in the region. Our participation in the World Economic Forum in Davos highlights the global recognition of Tembo Defence Products and the important contributions we are making to strengthen India's defence sector. We are fully committed to providing innovative, world-class solutions that serve the needs of our armed forces and contribute to national security."
The partnership between Tembo Defence Products and the Maharashtra Government marks a significant step forward in India's defence sector, with a clear focus on innovation, job creation, and global competitiveness.
