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Tatas to manufacture aircraft components for export market |
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Written by Arjun
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Sunday, 05 August 2007 |
MUMBAI: Tata Group seems to be planning a foray into manufacture of aircraft components for exports, according to reports published by the Economic Times.
The group is is understood to be acquiring land at the Nagpur Special Economic Zone (SEZ) for setting up the component manufacturing plant.
The Maharashtra Airport Development Company is in charge of putting up the Nagpur SEZ project. R C Sinha, Vice Chairman and Managing Director of Maharashtra Airport Development Company, said that a Tata company is taking up the land for aircraft component business. He said that the infrastructure work on the Nagpur SEZ was progressing satisactorily and major work would be completed by December next year.
Meanwhile, Boeing is setting up a Maintenance, Repair and Overhaul (MRO) facility at the Nagpur SEZ.
Praveen Kadle, Executive Director (Finance) - Tata Motors, has told PTI that the company has plans for the aerospace sector though nothing had been finalised as yet.
Tata Airlines, India's first airline, started in 1932 by the Tata Group was taken over by the government and turned into Air India. |
