Apollo Micro System plans to invest 150 crore for manufacturing facility in Telangana
Apollo Micro Systems Ltd (AMSL) is planning to set up a defense equipment manufacturing facility in Telangana at an investment of Rs 150 crore. The proposed facility will come up on an area of 3 lakh sq ft at its facility in Hyderabad.
"Apollo Micro Systems Ltd proposes to set up a state-of-the-art defense equipment manufacturing facility in Hardware Park, Hyderabad. The company has estimated total investment in the upcoming ventures to be around Rs 150 crore". The company said it is planning to complete the project in nine months. The company recently incorporated a wholly owned subsidiary Apollo Defence Industries Private Ltd, to take forward its plans of manufacturing defense equipment.
This subsidiary will focus on forming alliances and technological partnerships with international companies to provide cutting-edge defense solutions and serve the nation, they said. Baddam Karunakar Reddy, Founder and Managing Director of Apollo Micro Systems Ltd, said the company has entered into significant agreements with the Defence Research and Development Organisation (DRDO).
"These agreements mark a significant milestone in our ongoing partnership with DRDO and signify our commitment to excellence in technology and innovation in defense-related projects", he said. AMSL offers technology-based solutions in sectors like infrastructure, transportation, and aerospace, among others.
