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Telangana gets major investment as Safran decides to set up MRO in HyderabadHyderabad Hyderabad: Safran Group, the Frenc...
06/07/2022

Telangana gets major investment as Safran decides to set up MRO in Hyderabad

Hyderabad
Hyderabad: Safran Group, the French multinational company that designs, develops and manufactures aircraft engines, rocket engines as well as various aerospace and defense-related equipment or their components, has decided to set up its MRO facility in Hyderabad. It will come up with an initial investment of $ 150 million (about Rs 1,185 crore).

The new announcement further strengthens Hyderabad’s position as the hub of aerospace and defence activities. This will be the largest MRO globally and the first engine MRO established by a global original equipment manufacturer (OEM) in India.

“Jubilant to welcome group’s decision to select Hyderabad for its Mega Aero Engine MRO in India. This will be SAFRAN’s largest MRO globally and will be the first Engine MRO established by a global OEM in India,” said Industries and IT Minister KT Rama Rao.

The MRO and engine test cell will have an initial investment of $150 million (about Rs 1,185 crore) and is expected to create 800 – 1000 high skilled employment It will service their market leading Leap 1A and Leap 1B aero engines used by Indian and foreign commercial airlines, the Minister announced on the microblogging platform.

This Engine MRO project is expected to have a huge multiplier effect on the local aerospace manufacturing and aviation ecosystem in Telangana. With this marquee investment, Hyderabad has established itself as the most vibrant and happening aerospace valley of India, he said.

In addition, Safran Group has also chosen Hyderabad to set up a production facility to make parts and components for advanced aircraft engines with an investment of Euro 36 million (about Rs 293 crore), according to reports.

Telangana has been seeking a Defence Industrial Production Corridor between Hyderabad and Bengaluru. This would benefit the aerospace and defence clusters in Telangana, Andhra Pradesh, Karnataka. But there is no response from the GoI on this front.



News Credit Goes to Telangana Today. Bcoz content taken from Telangana Today.

24/09/2021

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‘Telangana’s Regional Ring Road to propel realty growth’
Vemula Prashanth said the real estate in Telangana was booming on account of the policies and schemes introduced by the State government.


By Telangana Today | Published: 14th Aug 2021 12:23 am

Hyderabad: After the Outer Ring Road, the State government is now focusing on the Regional Ring Road (RRR) project, which Roads and Buildings Minister Vemula Prashanth Reddy said would propel the real estate industry by 20 to 30 years into the future.

“Once the RRR is developed, the sky will be the limit for the real estate industry,” he said, pointing out that Chief Minister K Chandrashekhar Rao was committed on making the RRR project happen at the earliest. He had also made a unique offer before Government of India so that the project would not be delayed.


“We have proposed to the National Highways Authority of India that 50 percent of the costs of land acquisition for the RRR would be borne by the State government. No other State has taken such steps,” he said, adding that while people would get houses, flats and land at a reasonable price, the real estate industry would also benefit from such projects.

Speaking after inaugurating the 10th edition of the Hyderabad Property Show being organised by the Confederation of Real Estate Developers’ Associations of India (CREDAI) at HITEX, the Minister said the real estate in Telangana was booming on account of the policies and schemes introduced by the State government. The law and order situation and the quality of governance were major factors, he said, pointing out that employment opportunities too were created.

“The development of Regional Ring Roads is an innovative scheme planned by the Chief Minister, and will prove to be the catalyst of the next growth phase of the State,” the Minister said.

Prashanth Reddy also highlighted the Strategic Road Development Plan (SRDP), a brainchild of Municipal Administration and Urban Development Minister KT Rama Rao, pointing out that a series of infrastructure works under the SRDP and development of link roads had improved connectivity, while the 24/7 power supply in the State was another game changer for growth and development in Telangana.

P Ramakrishna Rao, president, CREDAI Hyderabad, and V Rajashekar Reddy, General Secretary, CREDAI Hyderabad, also spoke.

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