States » SouthPosted at: Jun 23 2025 5:07PM


AP aims to attract investments up to Rs 1 lakh cr in aerospace, defence sectors

Vijayawada, June 23 (UNI) The Andhra Pradesh government has set a target of attracting investments ranging from Rs 50,000 crore to Rs 1 lakh crore over the next five years to establish Andhra Pradesh as India's premier aerospace and defence manufacturing hub.

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.

Chief Minister Chandrababu Naidu 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 underlined the importance of developing such technologies for both defence applications and improving daily lives.

Highlighting the future potential in national defence and internal security, he said the new policy should play a key role in facilitating the establishment of industries aligned with these priorities. The Chief Minister made several suggestions and 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 Chief Minister underscored the importance of supporting MSMEs in this sector, noting that Andhra Pradesh should outperform other states in this regard. He proposed an annual Rs 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 realized,” the Chief Minister acknowledged.

The Chief Minister advised Visakhapatnam-Srikakulam for naval systems, Jaggaiahpet-Donakonda for missile production, Kurnool-Orvakal for drone technologies, and Lepakshi-Madakasira for aerospace electronics. "Tirupati will emerge as an R&D powerhouse with the proposed DRDO Centre of Excellence," Naidu hoped.

Officials explained to the Chief Minister that Bharat Forge and MMW companies are preparing to invest in the Madakasira cluster, with the foundation stone to be laid soon.
India’s annual defence product market is valued at Rs 1.27 lakh crore, with public sector enterprises accounting for 73% of production. The private sector contributes 21%, while public-private partnerships account for the remaining 7%.
As many as 23 companies have invested Rs 22,000 crores in Andhra Pradesh’s aerospace and defence clusters, creating employment for 17,000 people, officials said. Ministers Kondapalli Srinivas and TG Bharat attended the review meeting along with commerce & industries secretary Yuvraj.
UNI DP PRS
Tags: #AP aims to attract investments up to Rs 1 lakh cr in aerospace# defence sectors
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