India has announced plans to construct a new aerospace hub in Andhra Pradesh.
According to Chief Minister Y.S. Rajasekhara Reddy, the Tata Group will maintain its defence and aerospace facilities in the special economic zone.
"Ratan Tata recently wrote to me saying the Tata Group has decided to locate its newly-formed defence and aerospace activity in Hyderabad, which will be the centre point of one of the largest new hi-tech activitities which Tata Group is entering," said Reddy.
The SEZ will comprise over 350 acres at Adhibatla village near the Rajiv Gandhi International Airport at Shamshabad. Its facilities will house various aspects of aerospace manufacturing, including maintenance, repair, overhaul, training and R&D.
As IT Examiner previously reported, the Indian aerospace sector is set to generate approximately $30 billion in offset opportunities. Indian Air Force (IAF) chief Fali Homi Major recently noted that the IAF was undergoing an unprecedented transformation that would require a $100 billion investment for aircraft, equipment and infrastructure.
The civilian aerospace market is also expected to undergo rapid expansion. Indeed, senior HAL officials are slated to present Defence Minister Antony with plans for the development of an indigenous 70-seater regional transport aircraft (RTA). The joint proposal, developed by Hindustan Aeronautics Ltd and the National Aerospace Laboratories (NAL), projects development costs of nearly Rs4,000 crore. When completed, the indigenous craft will fly regional routes, with a projected range of 600-800km. X
Times of India