In a first in the private sector, a weapons integration unit to manufacture Light Combat Aircraft (LCA) will be set up in West Godavari district of Andhra Pradesh. The unit is estimated to cost Rs. 2,135 crore.
UK-based Wem Technologies Private Limited has entered a partnership with Lockheed Martin — the largest defence, aerospace and security company in the US — to build the facility, said Chandrababu Naidu, Chief Minister of Andhra Pradesh.
"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, 2,510 jobs will be created when the facility becomes fully operational," the CM said in a press conference.
Wem has gained orders valued at Rs. 560 crore, Naidu added.
21/08/16 PTI/IBTimes
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UK-based Wem Technologies Private Limited has entered a partnership with Lockheed Martin — the largest defence, aerospace and security company in the US — to build the facility, said Chandrababu Naidu, Chief Minister of Andhra Pradesh.
"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, 2,510 jobs will be created when the facility becomes fully operational," the CM said in a press conference.
Wem has gained orders valued at Rs. 560 crore, Naidu added.
21/08/16 PTI/IBTimes
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