Hyderabad: Mukesh Ambani's Reliance group company, Reliance Aerospace Technologies Private Limited, has expressed interest to set up its first aerospace unit in the country in or around Hyderabad. The company representatives contacted Andhra Pradesh government and requested it to provide land in Hyderabad to set up their first manufacturing unit. Following this, the government asked its officials to identify suitable land and show it to Reliance. A high level delegation from Reliance will visit the city next week and finalise the location.
"Reliance Aerospace Technologies of Mukesh Ambani contacted us with a request for allotment of land, equipped with an airstrip, in or around Hyderabad to test their equipment. We have identified two places on the outskirts of the city," said a top official on condition of anonymity.
With cash reserves of Rs 82,975 crore as on March 31, 2013, Reliance group is one of the major entrants into the aerospace business which is presently being explored by Tata and Mahindra groups as well.
14/08/13 B Krishna Prasad/Times of India
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"Reliance Aerospace Technologies of Mukesh Ambani contacted us with a request for allotment of land, equipped with an airstrip, in or around Hyderabad to test their equipment. We have identified two places on the outskirts of the city," said a top official on condition of anonymity.
With cash reserves of Rs 82,975 crore as on March 31, 2013, Reliance group is one of the major entrants into the aerospace business which is presently being explored by Tata and Mahindra groups as well.
14/08/13 B Krishna Prasad/Times of India
