Already over 60 SMEs are working with the defence labs like the DRDL, DMRL, RCI and in the missile development projects.

The recent decision by APIIC to allot 250 acres is expected to give a momentum to the Aerospace Park project.

In the past few years, the defence labs, private and public sector companies and the Aeronautical Society of India, Hyderabad chapter have been making consistent attempts for the project to turn the city into an aviation hub.

In the aerospace sector, Hyderabad has all the ingredients to emerge as a hub.

The Aerospace Industries Association (ASIA) has come up with a concrete proposal, which they have submitted to the Andhra Pradesh Government, to establish an Aerospace Park to exploit the growing market opportunities.

The ASIA is being anchored by MTAR Technologies, one of the leading private sector companies focused on indigenous development of precision equipment for the strategic sector. More than 60 firms in Hyderabad including L&T, Tatas, Godrej, Walchandnagar Industries handle large projects in the strategic sectors.

The Managing Director of APIIC, Mr B.P. Acharya, said the Corporation has identified 250 acres for the proposed park near Nadargul, on the outskirts of the city. It is in discussion with the ASIA to develop the Park.