Monday, March 19, 2012

5th missile hub in Andhra Pradesh to fire up defence sector

India's missile power is set to get a boost with a surface-to-air missile unit set to come up at a cost of Rs 30,000 crore at Ibrahimpatnam in Andhra Pradesh's Rangareddy district. The foundation stone for the project by Bharat Dynamics Ltd (BDL) was laid by chief minister N Kiran Kumar Reddy

The infrastructure for the project, spread over 630 acres, will be ready in three years' time. Once ready, an estimated 6,000 missiles are expected to be produced at the unit. Moreover, missile production will go up as project capacity is expanded to keep up with the demand for missiles.

M Pallam Raju, the union minister of state for defence, said that the project cost would be allocated in the 12th and 13th Plans.

Project developer BDL's turnover would go from Rs 1,000 crore to Rs 5,000 crore once production begins at the surface-to-air missile defence project unit at Ibrahimpatnam.

The new unit will create 1,000 officer-level jobs. Pallam Raju said manpower from educational institutions should be churned out as per industry requirements to enable the local population to benefit from the project and find employment at the unit.

Training in the necessary skills should be offered at the technological institutions for the local populace to be able to compete at the national level for the jobs that are created, he said, adding the Centre would soon come out with a policy that facilitates better private sector participation in the defence sector.