Friday, April 21, 2006

Boeing to set up $100-m MRO hub in Nagpur

Mumbai: The American aircraft manufacturer Boeing will set up its $100 mn maintenance repair overhaul (MRO) hub in Nagpur. “The company has conveyed its decision to us. The work now shall begin soon,” RC Sinha, MD, Maharashtra Airport Development Company (MADC), nodal agency for developing multi-modal cargo hub at Nagpur, told ETon Thursday.
The government has allotted 120 acres adjoining the airport and the special economic zone (SEZ) for what will be the first Boeing unit in India. A high-level team from Boeing led by vice-president Dinesh Keskar was in Nagpur last week. The decision was taken following the visit.
The company would spend $185 mn on MRO and allied activities of which the investment in the first phase would be around $100 mn. Boeing will also invest $75 mn in an aviation academy in the city to train pilots.
This was a commitment as part of a deal with Boeing worth Rs 45,000 crore for procuring aircraft for India’s domestic and international carriers.
The other states vying for the project were Madhya Pradesh (Gwalior)-which is willing to give land free to Boeing-Karnataka, Andhra Pradesh and Kerala (Kochi).
21/04/06 Economic Times