Sunday, Sep 24 2023 | Time 16:36 Hrs(IST)
Business Economy

Telangana Govt invites investments in Aerospace & Defence sectors at Defence Companies roundtable meeting at Delhi

Hyderabad, Nov 28 (UNI) The robust Aerospace and Defence ecosystem in Telangana and abundant resources available to do the business from here, were showcased by the Telangana Minister for Industries K.T.Rama Rao (KTR) at the Defence companies roundtable meeting organized by the Society of Indian Defence Manufacturers (SIDM) and the Confederation of Indian Industry (CII) at New Delhi on Monday.
Virtually participating in an interactive session during the meeting, Mr KTR said Hyderabad which is known as the missile hub of India, has also been a leading manufacturing and research hub for the Defence industry.
He showcased the investment opportunities in the sector which includes Aero Structures, Aero Engines, Space sector, Drones and UAVS, and Materials.
Assuring complete support to the industry leaders, who plan to establish manufacturing, engineering, testing and technology hubs in Hyderabad, the Minister said that the State government has identified Aerospace and Defence as major thrust sector under the State Industrial policy.
Mr KTR said that Hyderabad has emerged as the most preferred manufacturing destination for Global A&D Original Equipment manufacturers (OEMs).
He said that there is probably no other ecosystem in the world like Hyderabad where major OEMs from US, UK, France, Israel and other nations have established their respective production and export facilities, a true demonstration of Make in India in Defence.
In the last few years, US Aerospace and Defence majors Lockheed Martin, Boeing and GE have established multiple production lines jointly with TATAs in Hyderabad.
French Aerospace major SAFRAN has four projects in Hyderabad including their largest Engine MRO being built in Hyderabad
Dedicated Aerospace and Defence Parks near the international airport, uninterrupted power and water supply, and availability of other crucial resources needed for the sector are available in the State, he said .
Besides a dozen Defence Research and Development Organisation (DRDO) labs, the city also hosts an Ordnance Factory, Bharat Dynamics Limited (BDL), Electronics Corporation of India Limited (ECIL), BEL, HAL and other DPSUs, the Minister said the ecosystem is complemented by over 1000 MSMEs which are engaged in the precision engineering industry catering to the Aerospace and Defence (A&D) sector.
Speaking about global recognition for the A&D sector in Telangana, Mr KTR said that the ecosystem based in Hyderabad is ranked number one globally in Cost effectiveness by Financial Time’s FDI Future Aerospace Cities Rankings 2020-21.
Besides, the Ministry of Civil Aviation has awarded Telangana the Best State Awards in 2022, 2020 and 2018, for the State with the most progressive outlook towards the Aerospace Sector.
Telangana Principal Secretary (IT & Industries) Jayesh Ranjan, Dr E Vishnu Vardhan Reddy( Special Secretary, Investment Promotion and External Engagement), Praveen PA ( Director, Aerospace and Defence wing), Satish K Kaura( Founder Member, SIDM) and Sunil Mishra ( Director General, SIDM), were present at the interactive session.
More News

Sintex to set up manufacturing unit in Telangana with Rs 350 cr investment

23 Sep 2023 | 6:50 PM

Hyderabad, Sept 23 (UNI) : Sintex which is a part of Welspun Group, will set up a manufacturing unit in Telangana with
an investment of Rs 350 crores.

see more..

Kottayam-Kochi Rubber Market Rates

23 Sep 2023 | 5:38 PM

Kottayam, Sep 23 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
RSS FOUR: 14550
RSS FIVE : 14200
RSS FOUR : 14550
RSS FIVE : 14200

see more..

Stakeholders call for self-reliant, cost-effective shift in chemicals sector

23 Sep 2023 | 5:24 PM

Thiruvananthapuram, Sep 22 (UNI) The chemicals sector in the country needs to be more self-reliant and cost-effective to bring down its dependence on external sources by strengthening the collaboration between research and development institutions and industry, say industry stakeholders.

see more..

Pulsus Group secures highest seat allocations under IBPS

23 Sep 2023 | 2:42 PM

Hyderabad/New Delhi, Sep 23 (UNI) Hyderabad-based Pulsus Group on Saturday said it has achieved a remarkable milestone by securing the highest number of seat allocations under the Indian Business Promotion Scheme (IBPS), a visionary initiative of Prime Minister Narendra Modi as part of the ambitious Digital India Programme.

see more..
AITUC extends full support to AIBEA's struggle for adequate recruitments in Banks

AITUC extends full support to AIBEA's struggle for adequate recruitments in Banks

23 Sep 2023 | 11:08 AM

Hyderabad, Sep 23 (UNI) The three-day National General Council meeting of All India Trade Union Congress (AITUC), which began in Tirupur in Tamil Nadu on Friday has extended its full support for the country-wide campaign and struggle of All India Bank Employees' Association (AIBEA) demanding adequate recruitments in banks and opposing outsourcing of regular jobs.

see more..