Telangana to unveil Aerospace and Defence Policy 2.0, says Revanth Reddy

Inviting investors to expand their planned investments in the state, Revanth Reddy said the government […]HYDERABAD: Telangana will soon unveil its Aerospace and Defence Policy 2.0 to attract investment in defence manufacturing and position Hyderabad as a major destination for defence research, Chief Minister A Revanth Reddy said at the curtain-raiser event for Raksha Expo. Inviting investors to expand their planned investments in the state, Revanth Reddy said the government would extend full support to businesses. He said defence manufacturing, aerospace and allied sectors would be crucial to achieving the targets set out in the state’s Telangana Rising: Vision 2047 document.

The chief minister said Telangana aimed to become a leading industrial hub for India’s defence industry and called on companies, research institutions and startups to work together to strengthen the country’s manufacturing capabilities. Raksha Expo to bring defence industry stakeholders together Revanth Reddy said the government wanted to develop Raksha Expo into an international platform for dialogue and collaboration among stakeholders in the defence sector. The event is expected to bring together global original equipment manufacturers (OEMs), micro, small and medium enterprises (MSMEs), startups, experts and senior defence and security officials.

Representatives of the Defence Research and Development Organisation (DRDO), Hindustan Aeronautics Limited (HAL), Bharat Dynamics Limited (BDL), Mishra Dhatu Nigam (MIDHANI), the Tata Group, Airbus, Skyroot, Lockheed Martin and Bharat Forge were among those attending the curtain raiser, he said. The chief minister said Hyderabad occupied a strategic position in India and was home to major research institutions and important strategic establishments of the Indian Army and Indian Air Force. Defence manufacturing key to Telangana Rising 2047 vision The chief minister said India should move from importing defence technology to exporting it and emerge as a global leader in defence manufacturing.

He said the ability to deter adversaries from initiating conflict would give the country a strategic advantage. He urged industry representatives to contribute to Telangana’s ambitions in defence, space, aerospace, cybersecurity, artificial intelligence and drone technology. Revanth Reddy said the state had a strong base of educational and research institutions, including Indian Institutes of Technology (IITs), Indian Institutes of Information Technology (IIITs), National Institutes of Technology (NITs), the Indian School of Business (ISB) and the Birla Institute of Technology and Science (BITS).

He also cited the establishment of Young India Skills University, the upgrading of industrial training institutes (ITIs) into Advanced Training Centres (ATCs), and the presence of incubators as measures to develop skilled talent for emerging industries. Under the Telangana Rising: Vision 2047 plan, the state aims to become a $1 trillion economy by 2034 and a $3 trillion economy by 2047. Telangana accounts for more than 2.5% of India’s population and contributes 5% of the country’s gross domestic product (GDP), the chief minister said.

“My goal is to increase this share to 10% by 2047,” he said, adding that defence manufacturing, aerospace and allied industries would play a key role in achieving the target. Global summit scheduled for December in Bharat Future City Revanth Reddy invited investors to attend the Invest Telangana Global Summit, scheduled to be held at Bharat Future City in Hyderabad from December 7 to 9. He said the first edition, held last year, had been successful.