Tamil Nadu targets over 10 billion dollars investment in aerospace, defence

Tamil Nadu has been preparing Aerospace and Defence Industrial Policy since 2015 and it is likely that the policy will be unveiled during the second edition of the Global Investors Meet set to kick-off here on Wednesday.

It is learnt that the state has been targeting an investment of more than $10 billion in aerospace and defence manufacturing in five to 10 years besides generating jobs for one lakh people in the state.

Sources said that the idea is to create an end-to-end ecosystem for aerospace sector development covering design, engineering and manufacturing of aircraft for the civil and defence sector.

The plan is also to attract original equipment manufacturers and Tier-1 suppliers and India majors as anchor units in State by providing required facilities and support at competitive rates. Read More

You may also read!

Army was ready for conventional war with Pakistan after Balakot: Sources

In the run up to Balakot strikes, Army Chief General Bipin Rawat very categorically conveyed to the top brass


Army Chief warns of strict action against ‘erring’ officials involved in corruption

Army Chief General Bipin Rawat on Monday warned of strict action against the officials involved in corruption in military


Army reviewing disability pension system

Aiming to bridge the gap between jawans and officers' disability pension amount, the Indian Army is studying to restructure


Leave a reply:

Mobile Sliding Menu