Friday, February 23, 2024

KTR showcases opportunities in aerospace, defence sector in TS

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The robust aerospace and defence ecosystem of Telangana and the resources available were detailed to industry leaders by Industries and Commerce Minister KT Rama Rao.

Virtually participating in an interactive session organised by the Society of Indian Defence Manufacturers (SIDM) and the Confederation of Indian Industry (CII) in New Delhi on Monday, KTR took industry leaders through the history of the defence sector in Hyderabad known as the missile hub of India. The city has also been a leading manufacturing and research hub of the defence industry.

Hyderabad hosts a dozen Defence Research and Development Organisation (DRDO) labs. In addition to an ordnance factory, it also hosts Bharat Dynamics Limited (BDL), Electronics Corporation of India Limited (ECIL), BEL, HAL and other DPSUs.

The defence ecosystem of Hyderabad is complemented by over 1,000 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 of Telangana, he said that the defence ecosystem of Hyderabad was ranked number one globally in cost-effectiveness by ‘Financial Times’s FDI Future Aerospace Cities Rankings 2020-21.

Besides, the Union Ministry of Civil Aviation awarded Telangana the Best State Awards for 2022, 2020 and 2018, for the State with the most progressive outlook towards the aerospace sector.

KTR explained the investment opportunities available in the sector like aerostructures, aero engines, space sector, drones, UAVs, and materials.

Assuring complete support to the event participants’ plans to establish manufacturing, engineering, testing and technology hubs in Hyderabad, KTR said that the State government has identified aerospace and defence as a major thrust sector under its industrial policy.

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’s where major OEMs from the US, the UK, France, Israel and other nations have established their production and export facilities, a true demonstration of the Make in India move in defence.

In the last few years US aerospace and defence majors like Lockheed Martin, Boeing and GE have established multiple production lines jointly with the Tatas in Hyderabad.

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