Hyderabad: The country’s first aerospace SEZ is all set to take wings in Adhibatla on the outskirts of Hyderabad. About 20 small and medium enterprises (SMEs) and a few big players have committed an investment to the tune of Rs 1,500 crore.
Located about 15 km from the Rajiv Gandhi International Airport, the facility will see action beginning on November 4.
At least half a dozen companies will begin work on the day, when the Andhra Pradesh Chief Minister, Kiran Kumar Reddy, is expected to kickstart activity at a foundation laying function.
The Aerospace & Precision Engineering SEZ venture can provide direct employment of 10,000 and indirectly to another 18,000 in the next three years, as these manufacturing units, turn fully operational. The projected annual turnover is Rs 2,500 crore and exports to the tune of Rs 400 crore.
01/11/13 M. Somasekhar/Business Line
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Located about 15 km from the Rajiv Gandhi International Airport, the facility will see action beginning on November 4.
At least half a dozen companies will begin work on the day, when the Andhra Pradesh Chief Minister, Kiran Kumar Reddy, is expected to kickstart activity at a foundation laying function.
The Aerospace & Precision Engineering SEZ venture can provide direct employment of 10,000 and indirectly to another 18,000 in the next three years, as these manufacturing units, turn fully operational. The projected annual turnover is Rs 2,500 crore and exports to the tune of Rs 400 crore.
01/11/13 M. Somasekhar/Business Line
