Mumbai: Tata Group, which started India’s first airline in the 1930s, is understood to be planning a foray into manufacture of aircraft components for exports.
The group is acquiring land at a Special Economic Zone in Nagpur for setting up the component manufacturing plant. Incidentally, US aircraft maker Boeing too is setting up a Maintenance, Repair and Overhaul (MRO) facility at the Nagpur SEZ.
Tata Motors Executive Director (Finance) Praveen Kadle told PTI that the company has plans for the aerospace sector but maintained that nothing has been finalised as yet.
Maharashtra Airport Development Company Vice Chairman and Managing Director R C Sinha, whose firm is in charge of putting up the Nagpur SEZ project, said that a Tata company is taking up the land for aircraft component business.
The Tata Group had started Tata Airlines in 1932 and it was taken over by the government that turned it into Air India.
The infrastructure work on the Nagpur SEZ is progressing satisactorily and major work would be completed by December next year, Sinha said.