Mahindras to set up yet another aerospace project in Andhra Pradesh

Hyderabad: Chief Minister Dr K Rosaiah today said that an all out drive has been launched to make Andhra Pradesh the choicest destination for global investors in manufacturing and aviation industry.
The Chief Minister reviewed the progress of the country’s first Aerospace and Precision engineering Special Economic Zone set up on a 500 acre site at Nadargul and Adibhatla villages in Ranga Reddy district with top officials and the Company Executives. Dr.Rosaiah said he was glad that the Tata Advanced Systems has set up a Helicopter Manufacturing facility in the Aerospace SEZ to manufacture cabins for the Sikorsky-92 helicopters on schedule and that the first cabin from the manufacturing line, would be exported to the Sikorsky's assembly unit in the US on November 23 with two more scheduled to be delivered by the year-end.
Mr Ratan Tata, Chairman of the Tata Group of Industries and leading industrialist is likely to meet the Chief Minister on November 7 at Hyderabad in this regard. He is likely to discuss about further investments the group planned in Andhra Pradesh with the Chief Minister. In yet another major development, Mahindras offered to set up a major Aerospace Project envisaging an investment of around Rs. 300 crores. The Chief Minister expressed happiness over the proposal of automobile giant Mahindras. Dr. Rosaiah said the unique achievement of the TASL speaks volumes of the availability of world-class infrastructure and environment in Andhra Pradesh particularly in Hyderabad making it a hub for promotion of aviation industry with focus on Maintenance, Repair and Overhauling (MRO) at the Aerospace SEZ developed by APIIC-led consortia with an investment of Rs. 250 crore. He said Andhra Pradesh was planning to overtake Gujarat and Maharastra in the investment and industrialization sector in the coming years.
31/10/10 Orissa Diary.com

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Categories: New Nov 2010