Telangana invites Italian firms to invest in aerospace, defence sectors
Sridhar Babu invited Italian companies to explore investment opportunities in the State’s expanding aerospace and defence ecosystem
By - Newsmeter Network |
Telangana invites Italian firms to invest in aerospace, defence sectors
Hyderabad: Telangana IT and Industries Minister Duddilla Sridhar Babu on Monday invited Italian companies to explore investment opportunities in the State’s expanding aerospace and defence ecosystem, describing Telangana as one of India’s fastest-growing hubs in the sector.
‘Robust ecosystem for investments’
Addressing representatives of leading Italian aerospace and defence firms at a meeting held at the Dr BR Ambedkar Telangana Secretariat, the Minister said Telangana had developed a robust ecosystem for investments covering component manufacturing, supply chain, Maintenance Repair and Overhaul (MRO), avionics, radar and sensor systems, new-space technologies, small satellites, advanced materials and composites.
“Telangana offers a strong industrial base with dedicated aerospace parks, SEZs, a wide MSME network, advanced R&D facilities, world-class infrastructure, connectivity, skilled human resources, and industry-friendly policies. Through TS-iPASS, we ensure approvals within 15 days — a system unmatched elsewhere in the country,” Sridhar Babu said.
Hyderabad has major aerospace players
He pointed out that Hyderabad hosts major national and international players such as Hindustan Aeronautics Limited, DRDO, Tata Advanced Systems, Boeing, Lockheed Martin, GE Aviation and Pratt & Whitney. Several local startups, including Dhruva Space, Ananth Technologies and Skyroot Aerospace, are also gaining global recognition.
Highlighting areas of synergy, the Minister noted that Italy’s expertise in engine maintenance, avionics, radar and sensor systems could complement Telangana’s manufacturing and innovation base.
Collaboration in these areas, he said, would not only help meet India’s defence requirements but also support exports.
“Lightweight, high-strength composites, where Italian companies have advanced know-how, are in significant demand in Telangana. Partnerships in these areas will strengthen the bilateral relationship,” he added.