Infrastructure major GMR group in a recent move has decided to set up a defence manufacturing hub in Tamil Nadu and mega convention centre and also an Airport City in Hyderabad. The aerospace and defence manufacturing hub will come up at the special investment region at Hosur in Krishnagiri, Tamil Nadu. The project is a joint venture between GMR Group and the Tamil Nadu Industrial Development Corporation (TIDCO) where the JV partners will build the manufacturing hub in 600 acres of industrial land, which is available for immediate occupation. Last month, GMR had commenced work on the expansion of the Hyderabad airport and announced plans to build a mega convention centre and an Airport City adjacent to the airport. GMR plans an expansion of the Hyderabad airport developing second runway and doubling capacity to 30 million passengers per annum. Last year, the airport handled 18 million passengers and since 2014, when the new Telangana state was formed, passenger traffic growth rate has tripled 21% from 7% previously, said official sources.
📅Published on:
16 April 2018
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