GSRK Estates
Home Services Projects Media Center About Us Contact Us Download Career
CCEA Approves ITIR to Hyderabad
Ramayapatnam likely to be 2nd big port in Andhra Pradesh
A rise in demand for commercial office space in Hyderabad
Best time to invest in Hyderabad realty market
Hyderabad offers best choice among metros for realty investment
NRIs increasingly interested in Hyderabad real estate
National Highway Status to Hyderabad - Srisailam Road
IT sector fuels job boom with 3 lakh hires
BHEL-BEL may set up Rs 2000 crores unit at Fab City
New G.O.Ms.NO. 34 - Building Setback provisions in AP
JP Morgan Chase opens office in Hyderabad
More foreign Investment to AP - Brightonm, Alstom & Koppers
HNIs infuse $4 bn into India's property market
IRRI to set up rice research institute at Hyderabad
HMDA starts providing plots to ORR-affected families
Real estate, most preferred investment option: survey
What Is Green Building & It's Concept?
Polaris School of Financial Technology in Hyderabad
TCS to hire 50% more students for 2011-12
India on way to becoming 3rd-largest construction market by 2020
TIFR Campus at Hyderabad
Facebook India operations in Hyderabad - Raheja Mindspace SEZ
HMDA Master Plan for Hyderabad City Core Areas Released
Sterlite Proposes Rs.9000 Crore LCD Plant in Fabcity Hyderabad
Newly Imposed Service Tax Set to Boost Property Prices
Best real Estate site from GSRK Group
Millennium Spire to invest $1 bn in Indian realty
Increase in NRI Real Estate Investment
Work begins on Tata helicopter cabins facility
Real Estate Developers in India pushing up Prices
TATA Helicopters Unit in Adibhatla SEZ
TATA Helicopters Unit in Adibhatla SEZ

Published & Updated as on - 2009-06-23

Hyderabad, June 1, 2009: The US-based Sikorsky will shift its helicopter-making facility in Japan to Andhra Pradesh, through a tie-up with Tata Advanced Systems Ltd, which plans to invest Rs 1,000 crore in the proposed Aerospace Special Economic Zone at Adibhatla village on the outskirts of the city.

The facility will provide direct employment to 1,000 people, according to B.P. Acharya, managing director of the Andhra Pradesh Industrial Infrastructure Corporation.

He said the government was providing huge subsidies and tax holiday to the project.

The state government today handed over 50 acres of land to the Tatas. The land is priced at Rs 30 per lakh acre.

Besides, the Tata plant will also provide indirect employment to another 4,000 people once it is commissioned by June 2010, sources said.

They said the Tatas had plans to establish aerospace and defence products manufacturing facility, as well, at the SEZ.

The helicopter plan comes close on the heels of a Rs 6,000-crore project in the state’s Chittoor district to make heavy equipment for power firms. Over 2,000 will get jobs at Chittoor within three years of the project, which is being jointly set up by NTPC and Bhel.

Newsletter Subscription
Copyright Reserve to © GSRK Estates 2009-10 | Privacy Policy | Disclaimer | Terms of Use | Site Map -- Web Technology ETimes (india)