AFP
State Grant for Domestic Investments

State Grant for Domestic Investments 22 April, 2020

Government grant programs continue to support domestic initiatives in the defence sector. With the Presidential Decree published recently, a new one was added.

With the Presidential Decree dated April 20, 2020, published in the Official Gazette, support for incentives for Nero Endustri's investment in Ankara came. The project-based government grant will be provided for the investments of the company's sensor, laser/radar threat detection against guided rocket/missile threat and warning system, Chemical / Biological / Radioactive / Nuclear (CBRN) filtration system and explosion suppression system production facility. The decision on the subject was published in the Official Gazette and entered into force. According to the news of Anadolu Agency, it is estimated that the fixed investment amount in the process will be 1 billion 604 million TL, the employment will be 620 people and the number of qualified personnel is 30. With the commissioning of the facilities, it is aimed to produce 102 million 30 thousand sensors, 5,500 laser / radar threat detection and warning systems, 3 thousand KBRN filtration systems and 32 thousand explosion suppression systems per year.

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