The defense manufacturing buzz is picking up in India. Modi says that india should somehow get rid of the not so appealing tag of “world’s biggest defense importer”. Sensing a good opportunity in this sector which is now ripe for a “Make in India” revolution, corporates ranging from Reliance, Mahindra, Hero’s Munjals etc are drawing up ambitious plans.
In this backdrop, Naidu was ready as usual, with his “Andhra sales pitch” at the ongoing Aero show at Bangalore. (You have to appreciate him for being the “relentless salesman” of his state. When other CMs are happy sticking to their fevicol coated seats of their chairs, this man is always on move looking for inviting new investments. Hats off to him) The AP CM had one-on-one meetings with delegations from Sukhoi, Sikorsky and UTC, Rafael and Elbit, Boeing International Corporation India Pvt. Ltd, Raytheon International Inc., Bell Helicopter India, Honey well India, GE Aviation, the American Chamber of Commerce in India (AMCHAM-India) and the USIndia Business Council.
Billed as Asia’s biggest Aero show, this year’s jamboree has been really making news. Naidu pitched for a planned aerotropolis to come up at Vizag. He invited the global aerospace and defence companies to invest in the state, which will be setting up a greenfield aerotropolis in Vizag district. The project will be spread over 7,500 acres and provide all infrastructure to investors. Naidu is eyeing Rs 3,000 crore investment in the region.
- The newly created state has already received investment proposals from the defence public sector units like Bharat Electronics Limited and Defence Research Development Organisation (DRDO) to set up their plants.
- BEL has committed to invest around Rs 500 crores to set up a new manufacturing facility to manufacture wide range of weapon systems for both new and existing products.
Naidu said that the state plans to attract mega projects and industrial parks in the area of defence manufacturing. This will also include sub-segments of the defence segment like SMEs and component makers. He said the State also plans to attract companies in the segments of air cargo, maintenance, repair and overhaul (MRO) and general aviation. According to Naidu, the aerospace segment in India which includes both civilian and defence segment is expected to attract huge investment in the order of $50 billion. Besides, there is also likely to be $250 billion of defence equipment procurement by India in the next decade.
On the other plans of the Andhra Pradesh government, the chief minister said it is collaborating with the Singapore government to create a master plan for the new capital. “This will be a world class city similar to the one I created in Hyderabad,” he remarked.
The newly planned capital will be coming up in the Vijaywada region and is expected to be equipped with all the hi-tech facilities. Similarly, the Andhra Pradesh government also plans to enable smart villages across the State encompassing over 16,000 such units.
Naidu said that it is the aim of the Andhra Pradesh government to be among the top three states in the country by 2022.