The decks have been cleared for the setting up of Reliance Aerospace Park at Mihan in Nagpur. The board of approval for the Special Economic Zone (SEZ) under the Union Ministry of Commerce, last week, okayed the Reliance Aerostructure Ltd’s proposed Mr Dhirubhai Ambani Aerospace Park with related infrastructure facilities and services. The board was headed by Union Commerce Secretary Rita Teotia. The aerospace park will be home to the joint venture company set up by Reliance and French major Dassault Aviation to execute the Rs 30,000- crore offset programme linked to the sale of 36 Rafale fighter jets to the Indian Air Force. The first of the Rafale jets is expected to be inducted by 2019. In the first phase, the Mihan park will be built on a 104-acre land, while the second phase will cover an additional area of 185 acres, a company official said. The park with a proposed investment of Rs 6,500 crore is expected to generate more than 10,000 highly skilled jobs. It will also be home to the facilities of Thales, Daher and Strata among others. The proposed projects in the first phase include production of aircraft, electronic warfare systems, radars, unmanned aerial vehicles, and maintenance repair and overhaul for commercial aircraft. There would also be a large number of small and medium companies to support the big projects. The construction is expected to start by the end of July with production starting in the first quarter of 2018. Reliance will co-develop the park with the Maharashtra Airport Development Company, which is the nodal agency for developing the Mihan SEZ project.
Source: http://www.deccanherald.com
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