Vem technologies pvt ltd - Latest News Update, Information, Photos & Videos on Vem technologies pvt ltd at Lokmat Times

The Telangana government on Sunday signed a Memorandum of Understanding (MoU) VEM Technologies Pvt Ltd in the presence of the state's Information Technology and Industries minister KT Rama Rao in Hyderabad.Principal Secretary Jayesh Ranjan and VEM Chairman and Managing Director V. Venkata Raju signed the MoU respectively.Speaking on the occasion, Rao said, "VEM Technologies is a leading example of how a local Telangana based company has grown to be a technology leader in the defence and aerospace sector."Considering the strategic nature of the project and the huge potential for high-value employment creation, the state government has accorded mega project status to it, he said.He further said, "the required land along with other incentives to support the project will be allocated."Rao stated that Hyderabad is the strongest defence hub in the country with large Defence Research and Development Organisation (DRDO) labs and Defence public sector undertaking (PSU)s.Hyderabad is also the most preferred Aerospace and Defence manufacturing destination for foreign OEMs such as Lockheed Martin, Boeing, Safran Etc, stated Rao.According to the signed MoU, VEM Technologies Pvt Ltd will set up an Integrated Defence Systems Facility at Yelgoi, Zaheerabad with an investment of Rs 1000 crore. This will also generate two thousand employment opportunities in the region.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Vem Technologies Pvt LtdFOLLOW

Vem technologies pvt ltd, Latest News

National :Telangana govt signs MoU with tech company to set up integrated Defence Systems facility

The Telangana government on Sunday signed a Memorandum of Understanding (MoU) VEM Technologies Pvt Ltd in the presence of the state's Information Technology and Industries minister KT Rama Rao in Hyderabad. ...