Hyderabad-based Shivaro to invest Rs 1060 crore in Aerospace & Defence Sector in Odisha
Rs. 100 crore subsidy for frist 3 OMEs
Aerospace & Defence Investors Meet in Odisha in Jan next year
Bhubaneswar: Odisha opened a new sector– aerospace and defence manufacturing- for invest in the state.
Hyderabad based Shivaro has pledged to invest Rs1060 crore in the sector in the state at the Make-in-Odisha Conclave (MiO) which concluded here on Tuesday.
Realizing that Odisha is having all potential for promote manufacturing activities in aero space and defence, the state government last month announced a special policy for the sector to attract investment. The state has promised Rs 100 crore fiscal incentives to each of the first three Ordinance Manufacturing Entrepreneurs (OMEs) venturing to invest in the area.
Odisha has a diverse ecosystemfortheAerospace and Defence Manufacturing sector. TheIntegrated
TestRange(ITR) and ProofExperimentalEstablishment(PXE) is located at Chandipur which provides
a ready ecosystem for testing of military equipment. Engine manufacturing division of Hindustan
AeronauticsLimited(HAL) at Sunabeda in Koraput district and Ordnance Factory in Bolangir district provide a ready market for ancillary and component suppliers to setup facilities here.The state enjoys the presence of a long
coastline of 480 km with presence of deep-water portszatzParadip,Dhamra and Gopalpur,resulting in
substantial savings on the logistics and transportation costs.Odisha, being the highest producer of
aluminium, steel and stainlesssteel, can easily provide aerospace and defencegrade products for
use by the industry.
The Odisha government’s principal secretary industries, SanjeevChopra, said that the recently announced state Aerospace and Defence Policy 2018 aimed at creating a robust defence industrial base in the state by promoting aerospace and defence manufacturing entreprises, generate employment opportunities and promote value addition. Claiming that the police has been put in place with competitive provisions including captial subsidy upto Rs100 crore for the first 3 OEMs setting units in the state, he said this provision is designed to attract key players which would provide impetus for further development of ancillary and downstream units in the state.
The director planning and coordination, department of defence production, Ravin Kulshrestha, said the defence manufacturing sector is emerging in a big way which would support the MSME sector in the state.
The CMD of Bharat Earth Movers Ltd(BEML),DK Hota, said that his organisation is developing strong defence vendors base across the country.
Commandant Army Air Defence College major general PS Bhatia, retired Lt. Gen. Subrata Saha,
The BEML and ITER would organise an investors meet in Bhubaneswar some time during January 2019 for the MSMEs operating in aerospace and defence sector.
