Aerospace SEZ in Hyderabad proposed

Special Correspondent

Plan to establish Foundry Park in Medak district

HYDERABAD: A Rs. 250-crore Aerospace SEZ with focus on maintenance,
repair and overhauling (MRO) is proposed to be set up near the Hyderabad
International Airport. Andhra Pradesh Industrial Infrastructure
Corporation will be the nodal agency in promoting the SEZ on a 500-acre
site at Nadargul and Adibatla.

The State Government has already made an application for the SEZ to the
Centre, said B. P. Acharya, vice-chairman and managing director, APIIC.
He said that many big players in the aerospace field were interested in
the proposed SEZ on which Kota Harinarayana, former director, Light
Combat Aircraft project, is advising the Government.

The APIIC is also planning to create infrastructure with an investment
of Rs.100 crores for establishing a Foundry Park at Lakdaram in Medak
district as the Government feels that foundry units can serve as a
platform for establishing an automobile unit.

The announcements on the Aerospace SEZ and the Foundry Park were made by
Chief Minister Y. S. Rajasekhara Reddy at the `Small Scale Industries
Day-2006 celebrations" here on Thursday. He said that a Science City
would also be set up near Anantapur and declared that efforts would be
made to further reduce the power tariff for industries from April next.
Pointing out that a huge potential existed in garments and food
processing sectors, he urged entrepreneurs to set up clusters. Referring
to "resistance" from farmers to land acquisition, he said there was a
lot of land in Anantapur and advised industrialists to set up units there.

http://www.hindu.com/2006/11/24/stories/2006112407240600.htm