Wem Technologies Private Limited is partnering with Lockheed Martin, the largest defence equipment manufacturer in the US, to set up this facility, Chief Minister N Chandrababu Naidu said.
"We have decided to allot 350 acres of land for this facility spread over Vatluru and Bhogapuram villages near Eluru in West Godavari district. In the first phase, they will invest Rs 635 crore and provide employment to 650 persons. In all, 2510 jobs will be created when the facility becomes fully operational," Chandrababu told a press conference here last night.
Other details about the project or its Indian promoters are awaited.
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