BackTatas to partner in three aerospace projects
Tatas to partner in three aerospace projects
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Hyderabad: Following Tata Group chairman Ratan Tata’s announcement that Hyderabad will be made their aerospace hub, the company is setting up three joint venture projects in the Aerospace Special Economic Zone at Adibhatla near the Andhra Pradesh capital with an outlay of ₹ 1,000 crore.
Nova Integrated System for manufacturing radar and electronic equipment for defence, Tata Aero-structure Ltd for assembling of aircraft equipment and Tata Aerospace Systems Ltd for manufacturing aircraft parts are the three projects announced by the company.
The trio will collaborate with overseas partners for setting up the units.
Nova Integrated System chief executive officer and managing director Ajit Bhavnani met Andhra Pradesh chief minister N. Kiran Kumar Reddy in Hyderabad on Monday and discussed the proposed projects, the chief minister’s office said.
“The three projects will attract an investment of ₹ 1,000 crore and provide direct employment to 1,000 persons. The government is in the process of allotting 125 acres of land in the SEZ to the companies," the office said.
Tata Aerospace Systems, a Tata Group company, has already established its unit at the SEZ for manufacturing helicopter cabins with an investment of ₹ 1,000 crore. It was during the inauguration of this facility in November last that Ratan Tata announced his group’s proposal for establishing aerospace and defence clusters in Hyderabad.
The three overseas partners with whom the Tatas would collaborate would visit India next month for the Aero Show in Bangalore.
“The Tatas would like to conduct ground-breaking ceremony for the projects during February in the presence of their overseas partners," said the state government official.
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