Latest news with #AerospaceandDefencePolicy
Time of India
24-06-2025
- Business
- Time of India
Andhra unveils sops for defence, aerospace clusters
Andhra Pradesh has announced major incentives for developing aerospace and defence clusters in the state, including subsidised land, technology transfer subsidy , tailor-made benefits for investors investing more than ₹500 crore and skill development assistance. The N Chandrababu Naidu government 's Aerospace and Defence Policy (2025-30), passed by Cabinet on Tuesday, seeks to develop Andhra Pradesh as a global hub for defence manufacturing and research and development (R&D). The state government has planned five aerospace and defence hubs, with each hub aligned to a specialised defence vertical. These hubs are Visakhapatnam-Srikakulam (planned as a naval cluster across 3,000 acres), Jaggaiahpet-Donakonda (missile and ammunition cluster spread over 3,000-4,000 acres), Kurnool-Orvakal (unmanned systems cluster spread over 4,000 acres), Lepakshi-Madakasira (aerospace and electronics cluster spread over 4,000-5,000 acres) and Tirupati R&D hub. Through the new policy, the government plans to identify anchor investors for each of the five clusters and then offer subsidies to attract investments of ₹50,000 crore to ₹1 lakh crore. "The target is to get an investment of at least ₹25,000 crore during this period," a senior government official told ET on condition of anonymity. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later! [Video] getfittoday Undo The five clusters have been mapped to existing airports (Bengaluru, Hyderabad, Chennai and Kolkata) and logistics corridors for better connectivity and to enable smooth operations. The state government has offered subsidised land to investors. As per the policy, first five anchor investors will get land at about 25% of gross selling price of land and non-anchor investors at 10% gross selling price. The unique selling point of the policy is the technology transfer subsidy. The state government will provide financial incentives to startups and large investors to facilitate the acquisition and implementation of new technologies. Live Events The Andhra Pradesh government has offered to bear 50% of technology acquisition cost (up to Rs 1 crore) for anchor investors and mega investors. In case of medium and small enterprises, the policy envisions creating a corpus of Rs 100 crore per annum for technology acquisition and bearing 50% of the technology acquisition cost up to Rs 1 crore per enterprise, which will be disbursed in four phases spread across four years. The state government has proposed a single-window clearance system to attract the private sector, especially anchor investors. Andhra Pradesh will constitute a dedicated body for facilitating aerospace and defence sector investments. In addition, there will be a cell to promote export of aerospace and defence products manufactured in the different hubs.
Hans India
24-06-2025
- Business
- Hans India
AP cabinet to meet today, to approve major investments and development projects
The Andhra Pradesh Cabinet is scheduled to convene at 11am on Tuesday, where it is expected to approve investments totalling Rs 28,546 crore for 19 projects that were greenlit during the recent 7th State Investment Promotion Board (SIPB) meeting. A significant item on the agenda is the discussion surrounding the establishment of Cognizant in Visakhapatnam. In addition, the Cabinet will review plans to invite tenders for the development of infrastructure across 1,450 acres within the Amaravati Government Complex, estimated to cost Rs 1,052 crore. Another critical proposal involves inviting tenders for the connection of the Seed Access Road to National Highway 16, estimated at Rs 682 crore. Moreover, the Cabinet is likely to explore land allotments to various organisations and is anticipated to address the acquisition of an additional 44,000 acres through land pooling in the second phase of the Amaravati project. This discussion coincides with the coalition government's completion of one year in power. Also on the table will be the Aerospace and Defence Policy, with recommendations for the establishment of two new urban development organisations in the state as part of a broader reorganisation initiative. Approval for these measures is likely to be secured during the forthcoming Cabinet meeting. Additionally, the Cabinet will deliberate on the operational details of the Annadata Sukhibhava scheme. Following the meeting, it is expected that Chief Minister Chandrababu Naidu will engage with ministers regarding the latest political developments.
India.com
31-05-2025
- Automotive
- India.com
Tata to launch India's first privately owned helicopter manufacturing unit in collaboration with..., location is...
Airbus, the European aerospace leader, and Tata Advanced Systems (TASL), the aerospace arm of the Tata Group, plan to set up a Final Assembly Line (FAL) for H125 helicopters in Kolar, Karnataka. According to a report by The Times of India, the facility will produce Airbus' popular H125 civil helicopter for both the Indian and regional markets, making it the fourth such assembly line worldwide, following those in France, the US, and Brazil. The new plant will initially manufacture 10 H125 civil helicopters annually. Based on Airbus' projection that around 500 light helicopters will be needed in this sector over the next 20 years, the facility is expected to expand in the future. Guillaume Faury is the CEO of the German aerospace corporation Airbus SE and also serves as the Chairman of its commercial aircraft division, Airbus SAS. According to the media reports, the plant will be set up in the Vemagal Industrial Area, about two hours from Bengaluru, where Tata is already engaged in other aerospace activities, including satellite manufacturing. The facility will include capabilities for aircraft manufacturing, final assembly, and MRO (Maintenance, Repair, and Overhaul) services. The report mentioned that Andhra Pradesh's Anantapur, where Kia Motors has its factory, was also a contender for the project. However, Karnataka bagged the deal owing to its robust supply chain network, readily available skilled workforce, and the pro-investment policies of the state government. TASL has secured 740,000 square feet of space in Karnataka's Vemagal Industrial Area to set up facilities for aircraft manufacturing, final assembly, and maintenance, repair, and overhaul (MRO) operations. Under Karnataka's Aerospace and Defence Policy, the project will receive benefits such as land subsidies, capital investment support, exemption from stamp duty, concessions on electricity bills, and production-linked incentives of up to 1% of turnover for a period of five years.
