Andhra Pradesh eyes top spot in aerospace, unveils Policy 4.0 Vision
QUALITY BENCHMARKS FOR MSME PRODUCTSThe Chief Minister underscored the importance of supporting MSMEs in this sector, noting that Andhra Pradesh should outperform other states in this regard. He proposed an annual 100 crore corpus fund and the inclusion of logistics subsidies in the new policy.advertisement'MSMEs must be strengthened. There should be a benchmark for quality in allied industries. Value addition is essential, and marketing and branding are equally important. The vision of 'One Family, One Entrepreneur' must be realized,' he said.CLUSTER-BASED INDUSTRY DEVELOPMENT FOR REGIONS The policy designates specialised manufacturing corridors across Andhra Pradesh: Visakhapatnam-Srikakulam for naval systems, Jaggaiahpet-Donakonda for missile production, Kurnool-Orvakal for drone technologies, and Lepakshi-Madakasira for aerospace electronics. Tirupati will emerge as an R&D powerhouse with the proposed DRDO Centre of Excellence.Officials briefed him that Bharat Forge and MMW companies are preparing to invest in the Madakasira cluster, with the foundation stone to be laid soon.23 COMPANIES INVEST RS 22,000 CRORE IN THE STATE India's annual defence product market is valued at 1.27 lakh crore, with public sector enterprises accounting for 73% of production. The private sector contributes 21%, while public-private partnerships account for the remaining 7%.As of now, 23 companies have invested 22,000 crores in Andhra Pradesh's aerospace and defence clusters, creating employment for 17,000 people.Ministers Kondapalli Srinivas and TG Bharat attended the review meeting along with Commerce & Industries Secretary, Yuvraj.- EndsMust Watch
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