Tatas to set up 3 joint venture projects in Aerospace SEZ, in Hyderabad

Following Tata Group chairman Ratan Tata's announcement that Hyderabad
will be made their aerospace hub, the company is setting up three
joint venture projects in the Aerospace Special Economic Zone at
Adibhatla near Hyderabad with an outlay of Rs 1,000 crore.

Nova Integrated System for manufacturing radar and electronic
equipment for defence, Tata Aero-structure Limited for assembling of
aircraft equipment and Tata Aerospace Systems Limited for
manufacturing aircraft parts are the three projects announced by the
company.

The trio will collaborate with overseas partners for setting up the units.

Nova Integrated System chief executive officer and managing director
Ajit Bhavnani met Andhra Pradesh Chief Minister N Kiran Kumar Reddy on
Monday and discussed the proposed projects, said official sources in
the Chief Minister's Office.

"The three projects will attract an investment of Rs 1,000 crore and
provide direct employment to 1,000 persons. The government is in the
process of allotting 125 acres of land in the SEZ to the companies,"
the CMO sources said.

Tata Aerospace Systems, a Tata Group company, has already established
its unit at the SEZ for manufacturing helicopter cabins with an
investment of Rs 1,000 crore. It was during the inauguration of this
facility in November last that Ratan Tata announced his group's
proposal for establishing aerospace and defence clusters in Hyderabad.

The three overseas partners with whom the Tatas would collaborate
would visit India next month for the Aero Show in Bengalore.

"The Tatas would like to conduct ground-breaking ceremony for the
projects during February in the presence of their overseas partners,"
said the state government official.