HYDERABAD: Hyderabad, a missile hub, will get a fresh impetus for defence manufacturing following the announcement in the Union budget that 68 per cent of capital for defence sector will be earmarked for the local industry. This is 10 per cent up from what it was allocated previously.
“Hyderabad will be the natural choice for expansion plans of various aerospace and defence industry giants. The available infrastructure will spur further manufacturing by the existing units which are directly or indirectly related to the defence sector,” PA Praveen, director, aerospace and defence, government of Telangana, said.
