Article Posted on : - Jul 01, 2010

HYDERABAD (PTI): India’s public-sector defence production unit Bharat Dynamics Limited (BDL) will set up two complexes for manufacturing missile systems in southern state of Andhra Pradesh at a cost of Rs 1,400 crore.

The proposed facilities are likely to come up at Ibrahimpatnam (500 acres) on the outskirts of Hyderabad and at the Lepakshi Knowledge Hub (600 acres) in Anantapur district, BDL Chairman and Managing Director Ravi Khetarpal said.

BDL CMD and Director (Technical) S N Mantha met Chief Minister K Rosaiah to brief him about their expansion plans and request the state government to allocate land for the proposed units.

“We are happy to note that BDL has decided to set up two new missile manufacturing facilities in Andhra Pradesh. The required land will be made available to them,” the Chief Minister announced while releasing the new Industrial Investment Promotion Policy here on Thursday.

The two new units are expected provide about 3,500 jobs directly and another 3,000 jobs indirectly, the BDL officials told the Chief Minister.

The proposed facility in Anantapur district will also have an integrated township for the employees.

BDL currently has two modern manufacturing complexes spread over 1300 acres at Kanchanbagh in Hyderabad and Bhanur in Medak district of Andhra Pradesh.

It aims to achieve a sales turnover of Rs 1,500 crore in the 2010-11 financial year.