Tamil Nadu has an edge over other States in the country as far as the aeronautical industry is concerned since it has the largest number of aeronautical engineers, Industries Secretary Atulya Misra said on Wednesday.
Presenting a brief report about the Aerospace Park being set up at Vadagal near Oragadam, for which the Chief Minister Edappadi K. Palanisami laid the foundation stone on Wednesday, the Industries Secretary said that already several such units were functioning in the State and now a separate industrial estate would be formed at Vadagal.
While the domestic aerospace sector is expected to attract an investment of ₹20,000 crore over the next decade, an investment of ₹6,000 crore is expected to be made in Tamil Nadu, which would result in the creation of job opportunities for one lakh people.
“Further, Tamil Nadu has the edge over others since nearly 30% of the total aeronautical engineers available in the world hail from the State,” he said.
It has been proposed to set up the Aerospace Park in 245 acres at Vadagal, which could be expanded to 600 acres in future. SIPCOT and TIDCO would be spending ₹198 crore for developing the industrial plots and 50 aeronautical spare parts companies have shown interest in setting up their units at the park. Out of these 50 units, 20 have made the request for allotment of plots. On the occasion, the Chief Minister handed over land allotment orders to nine units.
An official release issued later in the day stated that the park was expected to attract an investment of ₹ 1,000 crore in five years, providing direct employment to 10,000 persons and indirect employment to 25,000 persons.
Meanwhile, the TIDEL Park, in association with TIDCO, has also proposed to set up a Computing and Design Centre at a cost of ₹350 crore at the park to cater to the designing and research requirements of the industrial units, he added.
Industries Minister M.C. Sampath; Micro, Small and Medium Enterprises Minister P. Benjamin; and Chief Secretary Girija Vaidyanathan were among those who were present at the foundation stone laying function.
