Tuesday, August 16, 2022
News

GMR plans Aerospace and Defence hub in Tamil Nadu

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Wednesday, 2018 8:15:05 PM IST
Infrastructure major GMR Group is setting up an 'Aerospace & Defence Manufacturing Hub' at the Special Investment Region (GKSIR) in Hosur, Tamil Nadu, an official said here on Wednesday.

The company said the aim was to accelerate indigenisation of defence manufacturing since India - among the world's top five defence spenders - still satisfies 60 per cent of all its requirements through imports.

Terming the proposed hub as an ideal location for defence sector related production, it said major defence PSUs like Hindustan Aeronautics Ltd, Bharat Electronics Ltd, Bharat Earth Movers Ltd and Defence Research and Development Organisation were located 50-60 km from Hosur.

The project, a joint venture between GMR Group and Tamil Nadu Industrial Development Corp, will come up on 600 acres of land already made available for immediate occupation, said the Group's Business Chairman - Transportation & Urban Infrastructure B.V.N. Rao.

The hub also has the advantage of the established ecosystem of Hosur, 700-plus MSMEs engaged in precision engineering in the region besides proximity to Bengaluru which would ensure ready access to skilled manpower.

"This hub can potentially be a game-changer for the region. We will provide all necessary infrastructure facilities to attract global majors to set up their manufacturing facilities here," Rao said.

--IANS qn/him/mr

( 216 Words)

2018-04-11-19:36:08 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Business Mint is proud to announce Natio...
Integrated Command and Control Centre en...
Prima facie Talaq-E-Hasan not so imprope...
Two incredibly talented artists Sanna Su...
Lucifer Bikes, India's most premium allo...
Brand UNN.space announces its media laun...
More...
 
INDIA WORLD ASIA
BJP leaders forecast Nitish will take U-...
One held in Goa for dishonouring nationa...
UIDAI enrolls over 79 lakh children unde...
138 judicial appointments so far in 2022...
Samsung's Odyssey Ark, massive 55-inch 1...
Indian Army hoist Tricolour at world's h...
More...    
 
 Top Stories
Iran says it seizes Afghan truck co... 
FATF set to verify Pak for money la... 
After Delhi, Hyderabad Internationa... 
1980 Olympics gold medalist Zafar I... 
Pak PM Shehbaz cites flaws in econo... 
Imran Khan owns over PKS 304 millio... 
NMCG hosts 'Yamuna Par Azadi Ka Amr... 
AIIMS paramedical students protest ...