In a PSU news update; State-run Bharat Dynamics Limited will be investing Rs 1,000 crore for setting up a manufacturing plant of short-range missiles in Amravati, Maharashtra.
The defence sector public undertaking is expected to start setting up the facility by the end of this year.
The state government had allocated 500 acres of land in Nandgaon Peth in Amravati to the PSU in 2011 for setting up a manufacturing unit of short-range defence missiles. However, the project was shelved for technical reasons.