Ministry of Commerce clears two aerospace parks
Neelam Mathews May 25, 2011 Time: 6:00pm IST The ministry of commerce has cleared two aerospace parks at the Gujarat Vitall Innovation City (CVIC) at Valsad and at Hyderabad. The parks will concentrate primarily on mechanical and electronic aspects of aviation respectively. Last year, the Centre for Asia Pacific Aviation signed an MoU with GVIC to co-develop a high technology aerospace research and manufacturing park that will form one of the industry clusters of GVIC which comprises 2,800 acres. The development, which is supported by the state government, and has in-principle Special Economic Zone status, is just 2 hours drive from Mumbai. Hyderabad has various parks under construction including GMR International Airport’s 250 acres SEZ that houses the CFM training center and Tata- Augusta Westland facility for AW119 final assembly. "An entity that concentrates on electronics is sure to give a boost to cargo volume to the Rajiv Gandhi International Airport," says an of...