₹1 lakh crore investment push for aerospace, defence section in Andhra Pradesh
The Andhra Pradesh government has approved a major investment initiative worth nearly ₹1 lakh crore in the aerospace and defence sector as part of its industrial development push. The state cabinet has allocated 350 acres in Puttaparthi, Sri Sathya Sai district, for a defence manufacturing facility under the DRDO. The move follows the launch of a flagship policy aimed at attracting high-value industries to the state.
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In a major boost to its industrial ambitions, the Andhra Pradesh government has moved closer to securing investments worth nearly ₹1 lakh crore in the aerospace and defence sector in a year of launching its flagship policy.The State Cabinet, chaired by Chief Minister N. Chandrababu Naidu on April 30, approved the allocation of 350 acres at Puttaparthi in Sri Sathya Sai district for a defence manufacturing facility under the Defence Research and Development Organisation (DRDO).
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