Begin typing your search...
GMR to set up defence, aerospace hub at Hosur
GMR Group, a leading infrastructure company, will set up an ‘Aerospace and Defence Manufacturing Hub’ at its Special Investment Region at Hosur in Krishnagiri district of Tamil Nadu, to encourage indigenous production of defence equipment in the country.
By
migrator
migrator
Chennai
India stands amongst the top five defence spenders in the world. However, due to an underdeveloped defence manufacturing sector, India was one of the largest importers of defence equipment in the world – approximately 60 per cent of requirements were met through imports.
Indigenisation of defence production was a key priority for the government, a company release said on Wednesday.
Under the ‘Make in India’ initiative, the government has recently announced setting up of a Defence Industrial Production Corridor (DIPC) in Tamil Nadu. The corridor would connect Hosur and Chennai with Kattupalli port, Chennai, Tiruchy, Coimbatore and Hosur as its key nodes and aims to provide impetus to the defence production industry in the country and in the region, in particular.
The proposed defence manufacturing hub at Hosur was a step in making this vision a reality. The project was a Joint Venture (JV) between GMR Group and the Tamil Nadu Industrial Development Corporation (TIDCO).
Under the project, about 600 acres of prime industrial land has been made ready for immediate occupation. The proposed hub was an ideal location for defence related manufacturing.
Major Defence Public Sector Undertakings (DPSUs) like Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL), Bharat Earth Movers Ltd (BEML) and Defence Research and Development Organization (DRDO) were located only in the 50-60 km radius.
The hub also benefits from the established industrial ecosystem in Hosur, 700-plus MSMEs engaged in precision engineering in the region.
Tata Sons in consolidation mode
Tata Sons said it is in the process of consolidating its various businesses across Aerospace and Defence sectors together under a single entity – Tata Aerospace & Defence (Tata A&D). The necessary statutory and regulatory approvals are in the process of being obtained. Tata A&D proposes to leverage its full range of expertise, experience, and capabilities from across the Group related to Land Mobility Solutions, Aerospace, Weapon systems, Sensors and Command, Control, Communication, Computers and Intelligence (C4I). N Chandrasekaran, Chairman of Tata Sons, said, “The formation of Tata A&D, a single unified entity, will allow us to better target emerging opportunities in Aerospace and Defence, and engage holistically with customers both in India and globally.”
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android
Next Story
