BackTatas propose Rs500 cr aerospace hub in AP
Tatas propose Rs500 cr aerospace hub in AP
Premium
PTI
Hyderabad: The Tata Group, which pioneered air travel in the country, has proposed to set up a Rs500 crore defence and civil aerospace hub in Andhra Pradesh for manufacture of allied equipment, radar and satellite systems.
Tata group Chairman Ratan Tata has written a letter to Chief Minister Y S Rajasekhara Reddy indicating that Tata Advance Systems was keen to invest in the hub in the proposed Special Economic Zone in Adibhatla village, on the outskirts of the state capital.
“The AP government is making 50 acres of land available for the Tatas at the proposed SEZ that will come up near the hardware park," Reddy announced at the inauguration of India Aviation-2008 at the Begumpet airport here today.
Besides, the Lepakshi Aerospace Station and Academy will also come up at Chilamattur in Anantapur district.
The hub by Tata Advance Systems will be the first-of- its-kind in the country. Tatas are credited with launching the first scheduled airlines (Tata Airlines) in 1932 that was nationalised as Air India in 1953.
The Lepakshi Aerospace Station and Academy, on the other hand, will have largest integrated ecosystems for design, manufacture and maintenance of space vehicles and satellites, both civil and defence.
The LASAA will also be a support station for global space tourism adventures.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
