HYDERABAD: The Andhra Pradesh government’s plans to project Hyderabad as an aviation hub received a major boost with the Tata Advanced Systems Ltd (TASL) promising huge investments in the aerospace sector.
TASL has decided to set up its first facility in aerospace engineering at Adibhatla in Ranga Reddy district, where the government recently notified a 250-acre Special Economic Zone dealing with the aerospace and precision engineering industry. TASL sought a 50-acre plot exclusively for setting up a manufacturing facility with an investment of $ 2 billion (about Rs. 8,000 crore).
This is the first major investment by the Tata group in the aerospace sector in the State. Works are likely to start soon after the gazette notification of SEZ is issued by the first week of August. TASL will be the anchor client of SEZ. It will collaborate with other companies, which have tie-ups with the defence establishment.
According to Industries Department officials, the Tata group selected Hyderabad for setting up its facility as an SEZ as it was already notified and land was readily available.