In a pass to foster a thriving atmosphere for the aerospace and defence production enterprise in andhra pradesh, chief minister N. chandrababu naidu reviewed the Aerospace and defense policy 4.0 (2025-2030) on the secretariat on Monday.
The policy sets a ambitious goal of attracting investments ranging from 50,000 crore to one lakh crore within the zone over the next five years to set up andhra pradesh as India's premiere aerospace and defence production hub.
The chief minister emphasized the want to put the nation as a hub for advanced technology and innovation inside the aerospace and defence sectors. Bringing up India's use of contemporary era during Operation Sindoor, he underscored the developing function of generation in country wide defence. He additionally emphasised the importance of developing such technology for each defence applications and improving day by day lives.
Highlighting the future potential for countrywide defence and internal protection, he stated the new coverage have to play a key position in facilitating the establishment of industries aligned with these priorities. He cautioned several amendments to ensure country wide protection remains a pinnacle cognizance. Aerospace and Defence consultant Satish reddy attended the overview via video conference and supplied suggestions.
Great BENCHMARKS FOR MSME merchandise
The chief minister underscored the importance of assisting msmes on this zone, noting that andhra pradesh ought to outperform different states on this regard. He proposed an annual 100 crore corpus fund and the inclusion of logistics subsidies inside the new policy.
"msmes ought to be reinforced. There have to be a benchmark for first-rate in allied industries. Value addition is essential, and advertising and branding are equally important. The imaginative and prescient of 'One circle of relatives, One Entrepreneur' ought to be found out," he stated.
CLUSTER-based industry development FOR areas
The policy designates specialised production corridors across Andhra Pradesh: Visakhapatnam-Srikakulam for naval structures, Jaggaiahpet-Donakonda for missile production, Kurnool-Orvakal for drone technology, and Lepakshi-Madakasira for aerospace electronics. tirupati will end up an R&D powerhouse with the proposed DRDO Centre of Excellence.
Officers briefed him that Bharat Forge and MMW businesses are getting ready to invest inside the Madakasira cluster, with the foundation stone to be laid soon.
23 organizations make investments RS 22,000 CRORE in the state
India's annual defence product market is worth 1.27 lakh crore, with public quarter businesses accounting for seventy three% of production. The private region contributes 21%, at the same time as public-private partnerships account for the ultimate 7%.
As of now, 23 agencies have invested 22,000 crores in Andhra Pradesh's aerospace and defence clusters, developing employment for 17,000 people.
Ministers Kondapalli srinivas and TG Bharat attended the overview assembly along with trade & industries Secretary, Yuvraj.
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