Aerospace, defense firms invest in Andhra Pradesh

Andhra Pradesh is attracting investment proposals from several aerospace and defense manufacturing companies, signaling growth in the sector. Multiple companies, including Avantel Ltd., are seeking to establish facilities in the state, with interest in districts like Kurnool and Eluru. The government is offering incentives under the upcoming AP Aerospace & Defence Policy 4.0. This surge in interest is attributed to the government's efforts and the influence of advisors, with plans to develop defense clusters and focus on industrial corridors.