Home / Business and Economy / Hyderabad Gets New Aerospace Hub: Rs 453 Cr Investment
Hyderabad Gets New Aerospace Hub: Rs 453 Cr Investment
5 May
Summary
- ITP Aero invests Rs 453 crore in a new Hyderabad manufacturing facility.
- The plant will produce commercial aviation engine components.
- Approximately 350 skilled jobs will be created by 2027.
ITP Aero is launching a major new manufacturing facility in Hyderabad, investing Rs 453 crore. The foundation for this project was recently laid at Hardware Park Phase III in Shamshabad.
This new plant will occupy 10 acres and specialize in fabricating and machining components for commercial aviation engines. It aims to meet the rising global demand within the civil aerospace sector.
Expected to be fully operational by 2027, the facility will initially employ 350 skilled professionals in precision engineering, advanced manufacturing, and quality control. ITP Aero plans to increase its workforce to 600 as operations grow.
This expansion is part of ITP Aero's broader global capital expenditure strategy, which includes a €1.2 billion commitment to R&D and capital expenditure across its international sites by 2030.
Telangana's Minister for IT and Industries welcomed the expansion, highlighting the 15-year partnership with ITP Aero and emphasizing the facility's role in strengthening the region's aerospace manufacturing capabilities.
The investment bolsters Hyderabad's status as a growing hub for aerospace and defense manufacturing, attracting further global players to the Shamshabad area due to its strategic advantages.
This initiative aligns with Telangana's strategy to attract high-value manufacturing, enhance supply chains, and generate skilled employment in emerging sectors.
