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Andhra Pradesh
Centre approves aerospace SEZ; Tatas keen to participate
Our Bureau
Hyderabad, July 16
The Tata Group Chairman,
Mr Ratan N. Tata, has responded
positively to set up a unit
at the Aerospace & Precision
Engineering SEZ near
Hyderabad.
Stating this, the Andhra
Pradesh Chief Minister's Office
announced that the Centre
has accorded formal
approval for establishing an
Aerospace SEZ on 250 acres in
Ranga Reddy district. Tata Advance
Systems Ltd, a company
of the Tata Group, has expressed
its interest in putting
up a production unit to manufacture
aerospace and precision
engineering systems, a
press release said. In addition,
aerospace companies such as
MTAR Technologies, Zetatek
Industries, Ananth Technologies,
SEC Industries, S&U
MEK Engineers, VEM Technologies,
SKM Technologies
were keen and have formed a
company called Samoha Engineering
Industries Ltd.
Through Samoha, these
companies want to bid for high
value global contracts and take
advantage of the Offset Clause
in the defence contracts.
It intends to avail the advantages
of an SEZ, for which they
are in discussion with the Andhra
Pradesh Industrial Infrastructure
Corporation.
The Chief Minister, Dr Y.S.
Rajasekhara Reddy, who reviewed
the progress and developments
on the aerospace
front asked Samoha to change
their name to Samuha (which
means a cluster of companies),
to which the company agreed,
the release said.
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