Associate Sponsors

Co-sponsor

Light Combat Aircraft manufacturing facility to come up in AP

Image
Press Trust of India Vijayawada
Last Updated : Aug 21 2016 | 12:22 PM IST
A weapons integration facility to manufacture Light Combat Aircraft (LCA), said to be the first-of-its-kind in the country in the private sector, will be set up in West Godavari district of Andhra Pradesh at a total cost of Rs 2,135 crore.
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.
Wem currently has orders worth Rs 560 crore on hand, he said.
Other details about the project or its Indian promoters are awaited.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 21 2016 | 12:22 PM IST

Next Story