The Board of Approval (BoA) for special economic zone (SEZ) under the Ministry of Commerce has approved the Reliance Aerostructure proposal for the development of the Dhirubhai Ambani Aerospace Park (DAAP) with related infrastructure facilities and services at Mihan SEZ (Nagpur).
With the BoA nod, the DAAP at Mihan, spread over 289 acres, will become the largest greenfield aerospace park in the country. In the first phase, development will be spread over 104 acres and the second phase will cover an additional area of 185 acres.
Business at the aerospace park is expected to exceed Rs 200,000 crore over the next 30 years.
The aerospace park will also be home to the Dassault Reliance Aerospace Limited joint venture.
The construction at the aerospace park is expected to start by end of the month with production starting in the first quarter of 2018.
The aerospace park with a proposed investment by Reliance of Rs 6,500 crore is expected to generate more than 10,000 skilled jobs, promoting ‘Make in India’ and ‘Skill India’ initiatives of the government.
Reliance will co-develop DAAP with the Maharashtra Airport Development Company (MADC) which is the nodal agency for developing the Mihan SEZ.
Image source: Covai Post