Friday, November 27, 2015

Three more aerospace, defence parks proposed around 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. The Aerospace Park in Adibatla Special Economic Zone here, which is spread over 500 acres, is already fully functional. Tata Advanced Systems Ltd (TASL) and their JV partners have set up facilities with Sikorsky and Lockheed Martin for the manufacture of helicopter cabins, aircraft and its components. 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 secretary earlier announced the holding of the second edition of Defence and Aerosupply, a three-day global aviation conclave which will be held here from November 30. "After this three-day workshop, we will form a sub- committee and work out sector-specific policy on aero supply and defence for Telangana. We have studied different incentives offered by neighbouring states to stay competitive," he said, adding that, based on last year's conclave deliberations, the first draft has been developed and is being fine-tuned. "Since the conduct of the first Defence and Aerosupply in November last year, we have got approximate investment of Rs 1,000 crore in aerospace and defence, which does not include (investments from) SMEs," Kumar said. .

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