Proposed ‘Aerotropolis’ to come up in 450 acres of land under the CIAL
CIAL offers investment opportunities in aircraft maintenance, repair and overhaul
Nedumbassery: The business model presented by the Cochin International Airport Limited (CIAL) on “an airport-based industrial park” on the final day of the national workshop on “industrial opportunities in aerospace and defence sectors” here on Friday, offers investment opportunities in the maintenance, repair and overhaul (MRO) sector for the engine and components of aircraft that forms about 50 per cent of the global MRO market.
In the presentation, the company described the industrial park with a Special Economic Zone (SEZ) status as a vital arm of its proposed ‘Aerotropolis’ in the 450 acres of land under its ownership. Its case for a dedicated industrial park to cater to the needs of the aviation industry was also supported by stating all the possible advantages for the potential investors here.
The company spoke of its plans to establish an MRO facility that would cater to narrow body aircraft in the first phase and subsequently to wide body aircraft through one of its subsidiaries named CIASL (Cochin International Aviation Services Limited). It also said there were tremendous opportunities for entrepreneurs to establish facilities in the field of engine and component MROs and that many leading original equipment makers were keen on associating themselves with Indian companies in this area.
The proposal for setting up a helicopter MRO facility holds significance in the backdrop of the CIAL’s efforts to attract chopper operators to Kerala by setting up helipads in districts. The model also stipulates investment in facilities for aircraft wheels and brakes repairing, fabrication work stands and docking systems, storage and distribution of previously certified aircraft goods and materials, refurbishment of interiors, galley equipment, MRO of cargo equipment and manufacture and maintenance of ground handling and other airport equipment.
The company offered to provide the investors plots of developed land with SEZ status (application for which is pending with the government) and infrastructure including electricity, water, effluent treatment facilities and communication network. The presentation also pointed out factors like the park’s proximity to the international airport along with an MRO unit and the Vallarpadam Container Transhipment Terminal and the availability of highly trained and tech-savvy workforce.
On the land, it envisages a lease period of 30 years that can be further extended.