Apollo Micro Systems to Ignite Telangana's Defence Manufacturing with Rs 1,500 Crore Investment

Apollo Micro Systems Ltd has signed an agreement with the Telangana government to invest Rs 1,500 crore in a new defence manufacturing project. The venture aims to build extensive artillery systems and ammunition, catering to both domestic and international markets, assisted by state-level facilitation.

Apollo Micro Systems Ltd (AMSL), a leader in infrastructure tech solutions, revealed a significant partnership with the Telangana government on Tuesday. The company committed to an investment of Rs 1,500 crore for manufacturing defence products.

The memorandum of understanding was formalized in Hyderabad on Monday, as disclosed by AMSL in an exchange filing.

The collaboration includes AMSL's plan to develop a greenfield project in Telangana, focusing on enhancing manufacturing capabilities, particularly in the production and filling of various artillery components. The initiative will address both domestic and international market needs with full support from the Telangana government in obtaining necessary approvals and incentives.