Rs 1L cr bounty for Hyd def, aerospace sector

The defence and aerospace sector of Hyderabad, which is key to India’s plans to become self-sufficient in defence manufacturing, is poised to bag orders worth over Rs 1 lakh crore in the next couple of years, especially with the Centre imposing a ban on imports of 101 weapons, platforms and equipment, G Satheesh Reddy, secretary of the department of defence R&D and chairman of Defence Research and Development Organisation (DRDO) said on Thursday during a virtual Confederation of Indian Industry conclave on “Make in Telangana”.

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