GMR arm to set up 250-acre aerospace park in Hyd

New Delhi: GMR Hyderabad International Airport Ltd (GHIAL) is planning to set up an aerospace park in Hyderabad, which would be spread over 250 acres, even though the aviation sector is going through turbulent times.
The park, to be completed in 5-6 years, is coming up in the vicinity of the GHIAL's new airport in Shamsabad, Hyderabad, where the company already has more than 5,400 acres and is expected to employ 8,000-10,000 people.
"The park would be set up in the next 5-6 years. It will be spread over 250 acres," a senior official of the company told PTI. He, however, declined to share the investment plans of the project.
The land for the project has been designated as Special Economic Zone and will enjoy tax and other financial incentives.
The park will offer services like aircraft maintenance and repair, manufacturing of components and sub-systems, and research and development for civil as well as military aircraft. It will also provide training for aviation industry personnel. Besides, it will offer warehousing services and support ancillary industries like tyre manufacturers. The park is expected to generate employment for 8,000-10,000 people.
07/05/08 Press Trust of India/Business Standard

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Categories: Airports May 2009, Indian Aviation- In General May 2009, New May 2009