1 month ago
AP to receive Rs 500 crore in aviation and drone investments
Two companies, KNOTS Aerospace and GGF Astraa Analytica, want to invest Rs 500 crore in Andhra Pradesh.
KNOTS Aerospace will set up a flight training center with 20 aircraft and create 100 jobs.
GGF Astraa Analytica will build a drone ecosystem in Kurnool Drone City, investing Rs 400 crore and needing 100 acres of land.
They plan to use drones for surveillance and crowd management during the 2027 Godavari Pushkaralu.
The government supports these projects and will decide based on trial runs in September.
Two private companies propose Rs 500 crore investment in Andhra Pradesh's aviation and drone sectors.
KNOTS Aerospace plans to invest Rs 100 crore in a Flight Training Organisation with 20 aircraft and create 100 jobs.
GGF Astraa Analytica proposes a Rs 400 crore drone ecosystem in Kurnool Drone City, requiring 100 acres of land.
GGF Astraa Analytica plans to use drones for surveillance and crowd management during the 2027 Godavari Pushkaralu.
The Andhra Pradesh government supports these projects and will decide based on trial runs in September.
- Who
- KNOTS Aerospace and GGF Astraa Analytica
- What
- Investment in aviation and drone sectors
- Where
- Andhra Pradesh, India
- When
- Proposals discussed on Thursday, trial runs in September
- Why
- To leverage industry-friendly policies and create a favorable investment climate
Government Support
Private Sector Investment
Government Role
Government Support
The Andhra Pradesh government is providing a supportive environment for investments in sunrise sectors like aviation and drone technology.
Private Sector Investment
Private companies are investing significantly in these sectors due to favorable policies and potential for growth.
Key facts
- Total Investment
- Rs 500 crore
- Investment by KNOTS Aerospace
- Rs 100 crore
- Investment by GGF Astraa Analytica
- Rs 400 crore
- Proposed Locations
- Nagarjuna Sagar Airport, Kurnool Airport, Kurnool Drone City
- Jobs to be Created
- Nearly 200 direct jobs
- Trial Run Date
- September
Sources
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