The Hindu Business Line : Rs 3,000 cr to be invested in aerospace SEZ

Hyderabad, July 30 An investment of Rs 3,000 crore will be made by industries in the Aeropsace and Precision Engineering Special Economic Zone at Adibatla, Ranga Reddy district, according to the Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy.

Speaking after unveiling the plaque for the Sikorsky helicopter cabin-making unit being set up by Tata Advanced System Ltd at Adibatla SEZ here on Thursday, Dr Reddy said apart from big players such as the Tatas, small and medium sector enterprises were also showing keen interest in setting up units in the SEZ.

“A consortium of SMEs, Samuha, will be investing Rs 1,500 crore in the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) Aeropsapce SEZ in 170 acres of land near the city,” he said. The State Government would invest Rs 1.35 lakh crore in creating irrigation infrastructure in the next five years, he added.

Mr Davinder Kumar, Chief Executive Officer and Managing Director, Tata Advanced Systems Ltd, said the facility would be operational by early 2010.

“The plant will be designed by employing all the modern manufacturing techniques. It will not only offer productivity gains to Sikorsky, but will also bring new manufacturing technology to India,” Mr Kumar said.

The SEZ, once fully operational, would generate direct/indirect employment to over 10,000, he added.

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