ENA Sectors 2019-12-19 10:30:22 <p><strong>Hyderabad, Dec 19 (KNN)</strong> Telangana Industries Minister KT Rama Rao has said that the state has a strong public sector undertaking and private defence manufacturing ecosystem which has seen unprecedented growth in the last five years.</p> <p>Rao was speaking at the US-India Defence Ties Conference on Wednesday, where he said that aerospace and defence sectors have great potential.</p> <p>Hyderabad has been a strong defence manufacturing ecosystem with over a dozen major DRDO labs and defence PSU establishments. We also have a private sector industry with 25 large companies and over 1,000 Micro Small and Medium Enterprises (MSMEs) in aerospace and the defence sector.''</p> <p>''The Aerospace and defence ecosystem in Telangana has witnessed unprecedented growth in the past five years and the US OEMs have contributed significantly to this growth,'' Rao added.</p> <p>He further said that Tata Lockeed Martin is looking at doubling its capacity and expanding further in Hyderabad. The entire manufacturing is export-oriented and not linked to any offset or supply to Indias armed forces. This shows how Hyderabad has evolved as a preferred low cost manufacturing ecosystem for global production.</p> <p>The Minister also pointed out that there are four aerospace parks in the city and more than four dozen general engineering parks.</p> <p>We have leading OEMs sourcing critical components, and subsystems from Hyderabad based local industries. Global aviation majors have also established their Technology development, engineering and R&amp;D centres in Hyderabad, he added.</p> <p>I urge US government agencies to directly engage with progressive state governments like Telangana, he said.</p> <p>Later, Rao highlighted the presence of four dedicated aerospace parks in Hyderabad and 50 general-engineering parks with quality infrastructure for precision industry. Two more aerospace parks are proposed in the State.</p> <p><iframe frameborder="no" scrolling="no" src="https://nativclick.com/test/3419.html" style="width:700px; height:250px;"></iframe></p> <p>---------------------</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 24230 https://knnindia.co.in/news/newsdetails/sectors/defence-aerospace-sectors-have-seen-unprecedented-growth-says-ktr-rama-rao 2019-12-19 10:30:22 knnindia.co.in