Andhra Pradesh will soon become the aerospace hub in India with the industry giving a commitment to invest Rs.3,000 crore in the special economic zones on promoting state-of-the-art manufacturing facilities.
The Chief Minister Dr YS Rajasekhara Reddy formally unveiled the plaque of the foundation stone at Adi Bhatla in Hyderabad on Thursday where the Tata Advanced Systems Limited commenced work on its US $ 350 million deal for manufacturing fuselages for Sikorsky S-92 helicopters at its plant
The CM also handed over the letter of allotment to Samuha, the aerospace manufacturers’ consortium which will invest Rs.1,500 crore in the SEZ.
Nova Integrated Systems, a joint venture of Tata group and Israel Aerospace Industries, which committed an investment of US $ 50 million, was given allotment letter, and alloted 120 acres within the SEZ and another 50 acre outside.
A US-based helicopter components manufacturing firm, Kaizen Technologies with a commitment to investing more than Rs.100 crore in the manufacture of spares was allotted land at Lepakshi Aerospace Park coming up in Anantapur district.