Telangana plans 2 more aerospace parks near Hyderabad

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Telangana plans 2 more aerospace parks near Hyderabad

The Telangana government is proposing to set up two more aerospace parks involving 1,000 acres each, leveraging on the large defence and aerospace investments it attracted from several domestic and global giants like Tatas, Sikorsky and Lockheed Martin.

Telangana IT and Panchayat Raj minister Kalvakuntla Taraka Rama Rao said Tuesday the proposed aerospace parks will come up near to Hyderabad.

Taraka Rama Rao said in a conference of the Aeronautical Society of India in Hyderabad,  the state government was preparing a strategy to make Hyderabad a defence and aerospace hub in India. While one of the new parks will be located near the existing aerospace park at Adibatla on the South of Hyderabad, the other park will come up on the Northern side of the capital city.

GM Rao the chairman of infrastructure of GMR group, said India was poised to emerge as the third largest aviation market by 2020. "With rising passenger traffic and increasing military and defence expenditures, the demand for aircraft is expected to increase significantly in the next few years. The industry forecasts a demand of approximately $100 billion for commercial aircraft in next two decades."

GMR group is also planning to set up an aerospace training institute in Hyderabad with the support of French firm Safran.

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