Hyderabad Becomes Preferred Destination For US Aerospace
WASHINGTON, DC (IANS) – Hyderabad has emerged as the most preferred investment destination for US aerospace and defense companies, said Telangana’s Minister for Industries and Information Technology K.T. Rama Rao during his visit here where he led an aerospace and defense roundtable with prominent US majors, advisory firms, think tanks and startups.
KTR, as the minister is popularly known, showcased the spectacular growth of the aerospace sector and private sector defense investments in Telangana in the past nine years, it said.
Hyderabad has been ranked the No 1 Aerospace city of the ‘Future in Cost Effectiveness’ by the Financial Times for 2020-21.
Telangana hosts multiple production lines for US majors including Lockheed Martin joint venture with Tata group that manufactures and exports Sikorsky helicopter cabins, C130 J empennages, and F 16 Wings. Similarly, Boeing JV with Tata manufactures the entire Apache fuselages, Chinook aerostructures including tail and nose cones, and vertical stabilizers for the 737 series of aircraft.
GE manufactures engine parts in Hyderabad. Raytheon group’s Pratt and Whitney has their only engine training center in India in Hyderabad. Safran has recently inaugurated their aero engine parts manufacturing facility and announced the first Engine MRO by an OEM in India in Hyderabad.
Leadership teams from industry giants met with KTR in Washington and New York. The discussions revolved around investment opportunities and expansion plans.