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Hyderabad to decor a new aerospace park

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A new planning is on the way for the Hyderabad International Airport by GMR to build up an aerospace park here in the city. Source reported at www.propertykhazana.com reveals that it will be covering a land mass of around 250 crore with in next 5 to 6 years at the vicinity of the current GHAIL spot at Shamshabad, Hyderabad which already has around 5400 acres of land.
A senior official of the company has revealed that “the work is in full progress and the area has been put under the category of Special Economic Zone as a result will be waived off from the tax and other duties of the govt.” The area will be used for varied purposes including maintenance of the aircraft, manufacture and repairing of the components along with the research and development task. In addition military services will also be a part of this park, added the source on www.propertykhazana.com.
Providing training for the personals of aviation along with the warehousing services is also at the tariff of the aerospace park of Hyderabad. Coming to the employment issues, it will be setting vacancies for around 10,000 employees. For the first phase of work nearly Rs 4000 crore has put into the project with a joint venture deal with a Malaysian Airlines owing 63 percent by GMR, State govt. 13 percent and remaining 11 percent by the Malaysian group. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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