The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) plans to develop an exclusive industrial estate for small and medium defence companies, a first in that state.
Spread over 300 acres, the industrial estate will come up at Ibrahimpatnam, adjacent to Bharat Dynamics’ (BDL) upcoming missile-manufacturing facility, said APIIC executive director K Dharma Reddy.
APIIC has acquired land for the SME industrial estate. Online applications for land allotment are likely to be made available on APIIC’s website in the second half of 2012, Reddy added.
“SMEs stand to benefit given Ibrahimpatnam’s close proximity to Hyderabad. The estate could house 800 to 1,000 industrial units in the years to come,” said Reddy. That the Hyderabad outer ring road is just 11 kms from the town would be an added advantage for SME industrial units setting up shop here.
Furthermore, Ibrahimpatnam’s proximity to Hyderabad’s Rajiv Gandhi International Airport, a distance of 35 kms, could be beneficial to SMEs looking for an export / import gateway in the future.
Construction of the INR500 crore BDL project began in March and is expected to be completed in four years. It would provide employment to some 1,000 people, according to a March 19 IANS report published in SupportBiz. BDL was founded in 1970 as a public sector undertaking to manufacture guided weapon systems.
Nine defence projects at an investment of INR7,000 crore are coming up in Andhra Pradesh, the March 19 IANS report quoted Andhra Pradesh chief minister N Kiran Kumar Reddy as saying - three units each of BDL and Bharat Electronics (BEL), two of Electronics Corporation of India (ECIL) and one of Mishra Dhatu Nigam (MIDHANI).