VIJAYAWADA (PTI): 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, Andhra Pradesh Chief Minister N Chandrababu Naidu has 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 in Vijayawada on Aug. 18.
Wem currently has orders worth Rs 560 crore on hand, he said.
Other details about the project or its Indian promoters are awaited.
Light Combat Aircraft manufacturing facility to come up in Andhra Pradesh
Article Posted on : - Aug 22, 2016
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