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GMR group to set up aerospace & defence manufacturing hub in

Press Trust of India  |  Chennai 

Infrastructure group today said it would set up an and defence manufacturing hub in Hosur, about 300 kms from here, to promote production of in the region.

The project is a joint venture between Group and the Tamil Nadu (TIDCO).

Under the project, about 600 acres of prime industrial land has been made available for immediate occupation, a company statement said.

During the DefExpo 2018, to be organised by the Ministry of Defence, a team from the Group would be talking to potential investors about the salient points of the project and discuss potential opportunities, it said.

Under the 'Make in India' initiative, the Centre had recently announced setting up of a Defence Industrial Production Corridor between and Chennai, the statement said.

"The proposed is a step towards making this vision a reality," it said.

GMR Group, Business Chairman-Transportation and Urban Infrastructure, BVN Rao said, "The hub can potentially be a game changer for the region."

"We will be providing all the necessary infrastructure facilities to attract global majors to set up their here," he said.

"GKSIR is keen to set an international benchmark. GMR Group is a world and we already have an excellent track record of creating mega infrastructure projects in and abroad", he noted.

The proposed hub is an ideal location for various defence public sector undertakings like (HAL), the release added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 15:20 IST