The Board of Approval for SEZ (Ministry of Commerce) has approved the proposal of Reliance Aerostructure Ltd. for the development of the Dhirubhai Ambani Aerospace Park with related infrastructure facilities and services at Mihan SEZ (Nagpur).
With the BoA nod, the Dhirubhai Ambani Aerospace Park (DAAP) at MIHAN, spread over 289 Acre, 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. Asked to comment a senior Reliance official confirmed the move
The Aerospace Park, will also be home to the Dassault Reliance Aerospace Limited Joint Venture, which is presently creating the state of the art integrated eco structure to execute the Rs. 30,000 Cr. offset program linked to the sale of 36 Rafale Fighter Jets.
The Aerospace Park with a proposed investment by Reliance of Rs. 6500 Cr. is expected to generate more than 10,000 highly skilled jobs, promoting ‘Make in India’ and ‘Skill India’ initiatives of the Government.
Business at the Aerospace park is expected to exceed Rs. 200,000 Cr. over the next 30 years.
Dassault Reliance JV has already shortlisted more than 200 vendors, mostly small and medium size enterprise to be part of the supply chain at DAAP.
Apart from the Dassault Reliance offset facility the park will also be home to proposed facilities with Thales, DAHER and Strata amongst others.
The proposed projects in first Phase include production of Aircraft, Electronic Warfare Systems, Radars, Unmanned Aerial Vehicles (UAVs), Maintenance Repair and Overhaul (MRO) for commercial aircraft and complete Eco System of tiered suppliers to support these large Projects.
The construction at the Aerospace Park is expected to start by end of the month with production starting in the first quarter of 2018.
Reliance will co-develop DAAP with the Maharashtra Airport Development Company (MADC) which is the nodal agency for developing the MIHAN SEZ.