The Union Ministry of Commerce has granted approval for the construction of Dhirubhai Ambani Aerospace Park at Nagpur’s MIHAN SEZ which is finally slated to become a reality. The park will be a joint venture between France’s Dassault Aviation and Reliance Defence Ltd in a 49:51 stake ratio. The JV company is called Dassault Reliance Aerospace Limited.

Maharashtra Airport Development Company (MADC), the nodal agency for developing the MIHAN (Multi-modal International Hub Airport at Nagpur) project, has the status of developer.

MADC will enter into a land-lease agreement within a fortnight and the ground-breaking ceremony for the project likely to take place in the last week of July or first

week of August 2017, said MADC Managing Director Suresh Kakani.

The park will be developed in two phases, the first phase will be developed on 104 acres out of 289 acres in the SEZ area allotted to the company. This will mainly manufacture aircraft spares.

The second phase will see the manufacture of Dassault aircraft. When complete, the project is expected to generate more than 5,000 jobs opportunities.

One of the main components to be provided by the MADC to the company is construction of a 1.5-km long taxiway to offer connectivity to the Nagpur international airport. Kakani said that they will take it up soon.

The company is likely to produce the first front portion of the plane by December 2017.

When complete it will have an annual capacity to produce 22 aircrafts. It will also manufacture aircraft spares, including engine and will export them abroad.

The project will see a total investment to the tune of Rs 6,500 crore and many suppliers from all over the world will set up their shops in the project.

here is company details.

 

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