Tag: Alpha Design Technologies Private Limited

  • Now, Opposition MPs assault Centre over Adani involvement in defence sector

    Via PTI

    NEW DELHI: A number of Opposition leaders, together with former Congress leader Rahul Gandhi, on Wednesday attacked the federal government over a media file claiming {that a} key Adani Workforce investor could also be the co-owner in a defence company of the conglomerate.

    Gandhi requested why India’s nationwide safety is being “compromised” by way of giving regulate of strategic defence apparatus to unknown international entities.

    A file in The Indian Specific claimed that ELARA India Alternatives Fund (Elara IOF), a challenge capital fund controlled by way of Elara Capital, is among the best 4 entities registered in Mauritius that holds stocks predominantly in Adani Workforce firms.

    Consistent with the file, data display that in conjunction with the Adani Workforce, this can be a promoter entity in a defence corporate, Bengaluru-based Alpha Design Applied sciences Non-public Restricted.

    This defence corporate, included in 2003, works carefully with ISRO and DRDO and has a Rs 590 crore contract with the Union Ministry of Defence in 2020 to improve and digitise the growing old Pechora missile and radar programs, the file mentioned.

    ALSO READ | Adani row: Opposition MPs name off protest march after Delhi police blockade

    India’s missile & radar improve contract is given to an organization owned by way of Adani & a doubtful international entity known as Elara.

    Who controls Elara? Why is India’s nationwide safety being compromised by way of giving regulate of strategic defence apparatus to unknown international entities? percent.twitter.com/DJIw7rxPB8

    — Rahul Gandhi (@RahulGandhi) March 15, 2023

    Sharing the screenshot of the media file on Twitter, Gandhi mentioned, “India’s missile and radar improve contract is given to an organization owned by way of Adani and a doubtful international entity known as Elara. Who controls Elara? Why is India’s nationwide safety being compromised by way of giving regulate of strategic defence apparatus to unknown international entities?”

    Trinamool Congress MP Mahua Moitra additionally shared screenshots of the file on Twitter and took a swipe on the executive. “The ‘Chhupa Rustom’ class award on the Oscars is going to @DRDO_India and @PIBHomeAffairs. Satisfied to have unknown international price range controlling delicate protection contracts! Just for their absolute best buddy Mr Adani,” she tweeted.

    The “Chhupa Rustom” class award on the Oscars is going to @DRDO_India and @PIBHomeAffairs.
    Satisfied to have uknown international price range controlling delicate protection contracts! Just for their absolute best buddy Mr Adani. #BJP4Oscars percent.twitter.com/HtQlQa6IOy

    — Mahua Moitra (@MahuaMoitra) March 15, 2023

    READ MORE | Executive desires to ‘give up’ India’s meals grain logistics to Adani Workforce, alleges Congress

    Mentioning the similar media file, Shiv Sena (Uddhav Thackeray) MP Priyanka Chaturvedi mentioned on Twitter, “That is in India’s Defence area, a key investor in Adani Workforce, Mauritius-based Elara IOF, with 96% of its corpus invested within the team until Dec, ’22 could also be co-owner in a Defence corporate, the company works carefully with ISRO & DRDO, each collectively hang over 51% stake.

    Superb accident!” Opposition events were power of their assault at the executive.

    It comes weeks after Adani Workforce shares took a beating at the bourses within the wake of US-based brief supplier Hindenburg Analysis creating a litany of allegations, together with fraudulent transactions and share-price manipulation, at the conglomerate.

    The Adani Workforce has pushed aside the costs as lies, announcing it complies with all rules and disclosure necessities.

    NEW DELHI: A number of Opposition leaders, together with former Congress leader Rahul Gandhi, on Wednesday attacked the federal government over a media file claiming {that a} key Adani Workforce investor could also be the co-owner in a defence company of the conglomerate.

    Gandhi requested why India’s nationwide safety is being “compromised” by way of giving regulate of strategic defence apparatus to unknown international entities.

    A file in The Indian Specific claimed that ELARA India Alternatives Fund (Elara IOF), a challenge capital fund controlled by way of Elara Capital, is among the best 4 entities registered in Mauritius that holds stocks predominantly in Adani Workforce firms.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );

    Consistent with the file, data display that in conjunction with the Adani Workforce, this can be a promoter entity in a defence corporate, Bengaluru-based Alpha Design Applied sciences Non-public Restricted.

    This defence corporate, included in 2003, works carefully with ISRO and DRDO and has a Rs 590 crore contract with the Union Ministry of Defence in 2020 to improve and digitise the growing old Pechora missile and radar programs, the file mentioned.

    ALSO READ | Adani row: Opposition MPs name off protest march after Delhi police blockade

    India’s missile & radar improve contract is given to an organization owned by way of Adani & a doubtful international entity known as Elara.
    Who controls Elara? Why is India’s nationwide safety being compromised by way of giving regulate of strategic defence apparatus to unknown international entities? percent.twitter.com/DJIw7rxPB8
    — Rahul Gandhi (@RahulGandhi) March 15, 2023
    Sharing the screenshot of the media file on Twitter, Gandhi mentioned, “India’s missile and radar improve contract is given to an organization owned by way of Adani and a doubtful international entity known as Elara. Who controls Elara? Why is India’s nationwide safety being compromised by way of giving regulate of strategic defence apparatus to unknown international entities?”

    Trinamool Congress MP Mahua Moitra additionally shared screenshots of the file on Twitter and took a swipe on the executive. “The ‘Chhupa Rustom’ class award on the Oscars is going to @DRDO_India and @PIBHomeAffairs. Satisfied to have unknown international price range controlling delicate protection contracts! Just for their absolute best buddy Mr Adani,” she tweeted.

    The “Chhupa Rustom” class award on the Oscars is going to @DRDO_India and @PIBHomeAffairs.
    Satisfied to have uknown international price range controlling delicate protection contracts! Just for their absolute best buddy Mr Adani. #BJP4Oscars percent.twitter.com/HtQlQa6IOy
    — Mahua Moitra (@MahuaMoitra) March 15, 2023
    READ MORE | Executive desires to ‘give up’ India’s meals grain logistics to Adani Workforce, alleges Congress

    Mentioning the similar media file, Shiv Sena (Uddhav Thackeray) MP Priyanka Chaturvedi mentioned on Twitter, “That is in India’s Defence area, a key investor in Adani Workforce, Mauritius-based Elara IOF, with 96% of its corpus invested within the team until Dec, ’22 could also be co-owner in a Defence corporate, the company works carefully with ISRO & DRDO, each collectively hang over 51% stake.

    Superb accident!” Opposition events were power of their assault at the executive.

    It comes weeks after Adani Workforce shares took a beating at the bourses within the wake of US-based brief supplier Hindenburg Analysis creating a litany of allegations, together with fraudulent transactions and share-price manipulation, at the conglomerate.

    The Adani Workforce has pushed aside the costs as lies, announcing it complies with all rules and disclosure necessities.