Latest news with #AerospaceandDefencePolicy4.0
New Indian Express
4 hours ago
- Business
- New Indian Express
Andhra CM Naidu reviews Aerospace, Defence Policy 4.0; sets Rs 1 lakh crore investment target
VIJAYAWADA: In a move to foster a thriving ecosystem for the aerospace and defence manufacturing industry in Andhra Pradesh, Chief Minister N Chandrababu Naidu reviewed the Aerospace and Defence Policy 4.0 (2025–2030) at the Secretariat on Monday. The policy sets a bold target of attracting investments ranging from Rs 50,000 crore to Rs 1 lakh crore in the sector over the next five years to establish AP as India's premier aerospace and defence manufacturing hub. The CM emphasized the need to position the state as a hub for advanced technologies and innovation in the aerospace and defence sectors. Citing India's use of modern technology during Operation Sindoor, he underscored the growing role of technology in national defence. He also emphasized the importance of developing such technologies for both defence applications and improving daily lives. AP should outperform others in MSMEs: CM Highlighting the potential in national defence, he said the new policy should play a key role in facilitating the setting up of industries aligned with these priorities. He suggested several amendments to ensure national security remains a top focus. Aerospace and Defence Advisor Satish Reddy joined the review via video conference and offered suggestions. The CM stressed the importance of supporting MSMEs in this sector, noting that AP 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. '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 realised,' he said. The policy designates specialised manufacturing corridors across the State for rapid industrial development.
Hans India
7 hours ago
- Business
- Hans India
AP eyes Rs 1L-cr investments in aerospace, defence sectors
Vijayawada: Chief Minister N Chandrababu Naidu on Monday underlined the need for focusing on advanced aerospace and defence technologies with an aim to attract investments up to Rs 1 lakh crore in both the sectors over the next five years. Speaking at a review meeting on the Aerospace and Defence Policy 4.0 (2025–2030) at the Secretariat here, the Chief Minister said the state should be positioned as 'a hub for advanced technologies and innovation in the aerospace and defence sectors' in the wake of Operation Sindoor. He pointed out immense growth potential in national defence and internal security and said the new policy should play a pivotal role in facilitating the establishment of industries aligned with these priorities. Naidu suggested several amendments to the policy framework to ensure a top focus for national security. The new policy, which will target investments up to Rs 1 lakh crore, will focus on developing specialised manufacturing corridors across Andhra Pradesh, including Visakhapatnam-Srikakulam for naval systems, Jaggaiahpet-Donakonda for missile production, Kurnool-Orvakal for drone technologies, and Lepakshi-Madakasira for aerospace electronics. Tirupati is expected to emerge as a research and development hub with the proposed DRDO Centre of Excellence. According to officials, 23 companies invested Rs 22,000 crore in state's aerospace and defence clusters till date, generating employment for 17,000 people. Further, Bharat Forge and Millimetre Wave (MMW) companies are preparing to invest in the Madakasira cluster. The new policy is expected to bring in more investments. Naidu also underscored the need to support MSMEs in the sector and proposed a Rs 100-crore annual corpus fund, along with the inclusion of logistics subsidies in the new policy. '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. It was noted during the review meeting that India's annual defence product market is valued at Rs 1.27 lakh crore, with public sector enterprises accounting for 73 per cent of production. The private sector contributes 21 per cent, while Public-Private-Partnerships account for the remaining 6 per cent. Aerospace and Defence Advisor Satish Reddy also joined the review meeting via video conference and offered his suggestions.
Hindustan Times
a day ago
- Business
- Hindustan Times
Position Andhra as hub for advanced aerospace, defence tech: CM Naidu
Amaravati, Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday emphasised the need to position the state as a hub for advanced technologies and innovation in the aerospace and defence sectors. Position Andhra as hub for advanced aerospace, defence tech: CM Naidu Reviewing the Aerospace and Defence Policy 4.0 at the Secretariat, which aims to attract investments of up to ₹ 1 lakh crore, Naidu stressed the importance of technology in defence, especially in the wake of Operation Sindoor. "The Chief Minister emphasised the need to position the state as a hub for advanced technologies and innovation in the aerospace and defence sectors… He underscored the growing role of technology in national defence," said an official press release, quoting Naidu. He also highlighted the importance of developing such technologies for both defence applications and improving daily life. Pointing to the immense potential in national defence and internal security, Naidu said the new policy should play a pivotal role in facilitating the establishment of industries aligned with these priorities. Naidu suggested several amendments to ensure national security remains a top focus. Aerospace and Defence Advisor Satish Reddy also joined the review meeting via video conference and offered his suggestions. Further, Naidu underscored the need to support MSMEs in the sector and proposed a ₹ 100-crore annual corpus fund, along with the inclusion of logistics subsidies in the new policy. The policy designates specialised manufacturing corridors across Andhra Pradesh, including Visakhapatnam-Srikakulam for naval systems, Jaggaiahpet-Donakonda for missile production, Kurnool-Orvakal for drone technologies, and Lepakshi-Madakasira for aerospace electronics. Tirupati is expected to emerge as a research and development hub with the proposed DRDO Centre of Excellence, the press release added. Officials informed Naidu that Bharat Forge and Millimetre Wave companies are preparing to invest in the Madakasira cluster. So far, 23 companies have invested ₹ 22,000 crore in Andhra Pradesh's aerospace and defence clusters, generating employment for 17,000 people, the press release stated. This article was generated from an automated news agency feed without modifications to text.
