The Andhra Pradesh Economic Development Board (APEDB) and Stumpp Schuele Casings Private Limited (SSC) signed a Memorandum of Understanding (MoU) in Vijaywada on December 31 to start an ammunition manufacturing unit in the country.
The MoU was signed between chief executive officer, APEDB, J. Krishna Kishore and chief executive officer, Stumpp Schuele Casings Private Limited, Vivek Krishnan in the presence of CM, Andhra Pradesh, Chandrababu Naidu.
Stumpp Schuele & Somappa Springs has established a Joint Venture (JV) with Companhia Brasileira de Cartuchos (CBC) to manufacture small & medium calibre ammunition for the Indian defence & military markets worldwide. CBC is the world’s 2nd largest ammunition producer and a multinational company with facilities in Brazil, Czech Republic, US & Germany. The Indian ammunition manufacturing operation is to function under the aegis of Stumpp Schuele Casings.
Stumpp Schuele Casings Private Limited (SSC) is the Indian venture to manufacture and distribute ammunitions under the SSS – CBC alliance. The venture aims to serve the future needs of the Indian forces with the suite of ammunition products that will be manufactured domestically under the transfer of technology arrangements. The JV will also cater to the international friendly military markets.
APEDB is a single-point-of-contact agency for sustainable economic growth through trade, investments, partnerships & collaborations in the state of Andhra Pradesh.
With planned investments of up to Rs.520 Crores in Phases 1 & 2 and potentially Rs.500 Crores in Phase 3, SSC is expected to generate more than 500 highly skilled direct jobs and over 1000 more in ancillary industries. Once operational, this unit will be the first and only large-scale private ammunition manufacturer in entire South India.
As India gears up to become one of the world’s largest aerospace & defence manufacturing hub, this MoU between APEDB & SSC taps into this huge opportunity. Development of aerospace & defence manufacturing sector in Andhra Pradesh is predicated on robust infrastructure such as excellent port logistics – India’s Gateway to the East, industrial corridors running through the length and breadth of the state viz., Visakhapatnam Chennai Industrial Corridor, Chennai Bangalore Industrial Corridor, and Kurnool Bangalore Industrial Corridors.
ISRO, DRDO, BEL, BDL, NSTL, HSL and VEM Technologies are various firms that have invested in Andhra Pradesh.