VEM Tech to set up ₹1,000 crore integrated defence factory in Sangareddy

To also serve as a defence export processing zone to cater to the overseas market

VEM Technologies, the city-based firm that became the first private sector unit to make a central fuselage for Light Combat Aircraft (LCA) Tejas being manufactured by Hindustran Aeronautics Limited (HAL), is scaling up its defence manufacturing capabilities by setting up a ₹1,000 crore integrated defence facility at Yelgoi near Zaheerabad in Sangareddy.

Spread over 511 acres, this exclusive defence factory, to come up in the next five years, will be involved in making next generation weapon systems end-to-end, including missiles, radars, seekers, engines, avionics, fighter planes, helicopters and the likes, employing close to 2,000 persons. This will also serve as a defence export processing zone to cater to the overseas market, said VEM Technologies Chairman and Managing Director V. Venkata Raju on Sunday.

A Memorandum of Understanding (MoU) with the State government was signed by Mr. Raju in the presence of IT and Industries Minister K.T. Rama Rao, DRDO chairman G. Satheesh Reddy, Niti-Aayog member V.K. Saraswat, TS Industrial Infrastructure Corporation (TSIIC) VC and MD E.V. Narasimha Reddy and IT secretary Jayesh Ranjan.