AP Govt Inks Landmark MoU with Premium Explosives for ₹1000 Cr Space Project in Nellore District

Premium Explosives has come forward to establish a Rocket Research (Space) Centre in Duttalur Mandal. The company has signed a key agreement with the Andhra Pradesh government with an investment of ₹1000 crores. This project will facilitate development related to rocket and space activities. Previously, Nellore Collector Himanshu Shukla inspected lands in the Rachavaripalli and Brahmaswaram revenue jurisdictions for the establishment of this centre.

With the setting up of this Rocket Research Centre, commercial activities in the region are expected to increase significantly. There is a high potential for extensive job opportunities for the local youth, and the Udayagiri constituency is poised for rapid development. The establishment of this industry will provide a strong boost to the regional economy.