VEM Tech inks deal with Telangana for Rs 1,000 cr integrated defence unit

The integrated defence systems facility will come up at Yelgoi in Telangana and might create around 2,000 jobs over the next five years

Hyderabad-based VEM Technologies, which is into aerospace and defence technologies, signed a memorandum of understanding (MoU) with the Telangana government on Sunday to set up an integrated defence systems facility at Yelgoi in Telangana.

The Yelgoi unit, first of its kind in the country and having the end to end infrastructure for assembly, integration and testing of the systems, will see an investment of around Rs 1,000 crore and might create around 2,000 jobs over