Plan to establish Foundry Park at Lakdaram in Medak district
Focus on maintenance, repair and overhaulingAPIIC to be nodal agency in promoting SEZ
HYDERABAD: A Rs. 250-crore Aerospace SEZ with focus on maintenance, repair and overhauling (MRO) is proposed to be set up near the Hyderabad International Airport. Andhra Pradesh Industrial Infrastructure Corporation will be the nodal agency in promoting the SEZ on a 500-acre site at Nadargul and Adibatla.
The State Government has already made an application for the SEZ to the Centre, said B. P. Acharya, vice-chairman and managing director, APIIC. He said that many big players in the aerospace field were interested in the proposed SEZ on which Kota Harinarayana, former director, Light Combat Aircraft project, is advising the Government.
The APIIC is also planning to create infrastructure with an investment of Rs.100 crores for establishing a Foundry Park at Lakdaram in Medak district as the Government feels that foundry units can serve as a platform for establishing an automobile unit. The announcements on the Aerospace SEZ and the Foundry Park were made by Chief Minister Y. S. Rajasekhara Reddy at the `Small Scale Industries Day-2006 celebrations" here on Thursday.
He said that a Science City would also be set up near Anantapur and declared efforts would be made to reduce the power tariff for industries from April next.
Pointing out that a huge potential existed in garments and food processing sectors, he urged entrepreneurs to set up clusters and assured that the Government would extend all help.
Referring to "resistance" from farmers to land acquisition, he said there was a lot of land in Anantapur and advised industrialists to set up units there.
The Government was proposing to take up a scheme to meet the drinking water and industrial needs in Anantapur.
Secretary of Industries Y. Srilakshmi, President of Federation of Andhra Pradesh Small Industries Associations V.L.N. Reddy and APIIC Chairman Ambati Rambabu were also present.