Latest news with #TAAL
New Indian Express
2 days ago
- Business
- New Indian Express
Taneja Aerospace set to invest in Andhra Pradesh
VIJAYAWADA: Andhra Pradesh is on track to become a major aviation hub under the leadership of Chief Minister N Chandrababu Naidu, said Minister for Roads & Buildings, Infrastructure and Investments BC Janardhan Reddy. The TDP-led coalition government is working with dedication to foster an investor-friendly environment, attracting significant interest from industrialists and investors eager to establish ventures in the State. In a significant development, representatives from Taneja Aerospace and Aviation Limited (TAAL) met Janardhan Reddy in Vijayawada on Thursday to express their keen interest in investing in the State's aviation sector. During the meeting, the company presented a detailed project proposal, outlining its investment goals, and the potential for job creation and economic growth in Andhra Pradesh. The R&B Minister expressed optimism about the transformative impact of TAAL's entry into the State. The company, with its extensive experience in the aviation industry, plans to establish a manufacturing unit for 12-seater private jets, and a software development facility for aviation technology. This move is expected to position Andhra Pradesh as a key player in aircraft manufacturing, and high-tech industries. 'This is a landmark step for the State's industrial growth,' said Janardhan Reddy, highlighting that TAAL's investment marks a significant milestone in Andhra Pradesh's journey to becoming a strategic destination for investments in India. He emphasised that the State currently offers a highly conducive environment for industrial ventures, which will significantly contribute to its economic development. The government is focused on creating employment and livelihood opportunities for the youth through investor-friendly policies and incentives. He assured the full support to industrialists and investors, stating that the government is ready to give swift approvals for setting up industries. Companies that generate significant employment opportunities will also receive substantial incentives, he explained. The establishment of TAAL unit is expected to drive advancements in high-tech manufacturing, while enhancing skill development and job prospects for the State's youth. The company's representatives highlighted that their investment will create new opportunities for local talent, and contribute to the State's economic development. Expressing confidence, the Minister stated that Andhra Pradesh is poised to emerge as a leader in the aviation and industrial sectors.
Time of India
2 days ago
- Business
- Time of India
Taneja aerospace plans aircraft making unit in AP
1 2 3 Vijayawada: Taneja Aerospace and Aviation Limited (TAAL), a leading Indian aircraft manufacturer, has showed keen interest in establishing an aircraft manufacturing facility in Andhra Pradesh. The proposed project aims to produce 12-seater private jets and set up an aviation software division under the TallTech brand. If materialised, this would be one of the first major aircraft manufacturing ventures in state, marking a significant development in the state's efforts to attract high-tech industries. The move is seen as part of the govt's larger strategy to position AP as an emerging hub for aviation and aerospace innovation. To discuss the proposal, TAAL representatives met state's minister for investment, infrastructure, R&B BC Janardhan Reddy at the Novotel Hotel in Vijayawada on Wednesday. During the meeting, the company presented a detailed outline of their investment plan, production capacities and infrastructure needs. Minister Janardhan Reddy acknowledged the proposal and said that the govt is open to supporting industrial projects that align with the state's development goals. He assured the delegation that AP offers a conducive policy environment and will provide necessary clearances and incentives for eligible projects. "The proposal by Taneja Aerospace is a welcome step toward expanding high-tech industrial capacity in the state," the minister said, noting that further evaluations will be conducted before any formal commitments are made. Govt officials stated that discussions are still at an early stage and technical and administrative assessments will follow to study the feasibility of the project. They reiterated that industries offering long-term economic benefits and employment potential will be prioritised under the current investment promotion policies. TAAL, known for its contributions to small aircraft manufacturing in other states, is looking to expand operations with both manufacturing and software components. -
The Hindu
14-06-2025
- Business
- The Hindu
T.N. government seeks Defence Ministry's nod for controlled airspace in Hosur
In a significant development, the Tamil Nadu government has written to the Ministry of Defence seeking approval to establish a controlled airspace for the Hosur airport. Meanwhile, the State government has also appointed a consultant, which has begun the Obstacle Limitation Surfaces (OLS) survey, a critical report needed before setting up an airport for safe flight operations. The report is expected to be ready by the end of July, sources said. The airport at Hosur, which is located in Krishnagiri district near the Tamil Nadu-Karnataka border, will benefit a huge section of people in both States. Boost to manufacturing The city, which is already an automobile and industrial hubs, has also been drawing more investments in recent times, and an airport here will give a much-needed impetus to the manufacturing ecosystem of the State. Soon after the State government chose to build an airport at Hosur in 2024, the Airports Authority of India (AAI) was given the task to examine the five sites that were identified. Thereafter, two sites — one south of Taneja Aerospace and Aviation Limited's (TAAL) and Hosur taluk and another east of Hosur and north of Shoolagiri — have been shortlisted. After the AAI submitted the feasibility report, weighing the advantages and disadvantages of both sites, the State government wrote to the Ministry of Defence and also appointed a consultant recently to carry out the OLS survey around the same time. 'The airspace in the region falls under the Ministry of Defence and, hence, we have requested them to create a separate air control zone for establishing the airport. We have sought permission for both sites. We will hold discussions with them. When the final site is chosen by the State government, it will be communicated to them,' a source said. The Ministry of Defence may grant approval within the next three to four months, another source said. The OLS survey is under way now for both sites, and it will be ready by July-end. 'Obstacles are present at both sites. The site close to TAAL seems to have lesser undulations and a slightly better terrain. But, we will know more only when the OLS is completed, and the site will be chosen accordingly,' he added.
