HYDERABAD: Telangana government is proposing to set up three more aerospace and defence parks on the outskirts of the city here over the next four years with an investment of Rs 2,500 crore and will shortly come out with a sector-specific policy, a senior official said today.
"In the next four-year timeline, depending on the requirement, we are planning to have three more aerospace and defence parks around Hyderabad.
"The idea is to make Telangana a hub of aerospace and defence where all activities, including R&D, manufacturing, incubation, will be provided at one place," Arvind Kumar, the Telangana Industries and Commerce Secretary told reporters.
"We are hoping that in the coming years, Hyderabad becomes the aerospace and defence hub. So, whatever is the land and manpower requirement, we will be able to provide. As of now, we are envisaging three more aerospace and defence parks. If that is not sufficient, we will expand further in terms of area and in terms of numbers," he added
Boeing and Tata Advanced Systems have also announced a joint venture that will manufacture aerostructures for aircraft, the senior official said.
He added that 500 acres has been provided at Eliminedu in Ibrahimpatnam for setting up another aerospace park while two more parks will come up on the outskirts of the city here around the Outer Ring Road.
The global conclave will be formally inaugurated on November 29 by Andhra Pradesh and Telangana Governor ESL Narasimhan, they said.
The three-day event will see participation of firms like Sikorsky, Embraer, Thales India, Finmeccanica/AugustaWestland, Airbus, Eurocopter, Dassault, UTC, Honeywell, Lockheed Martin, and the IAMF (Israeli Aerospace Manufacturing Federation) Proxivision, Airborne Metals, among others.
Read more at:
Three more aerospace, defence parks proposed around Hyderabad - The Economic Times
