Telangana is paying way for most high profile companies. The state is blooming up right and lots of defense and aerospace manufacturing sectors are being set up. Now a Pune based multi-national conglomerate Bharat Forge Limited is planning to set up a defense hub worth Rs.500 Crores.
Arvind Kumar who is the Telangana industries secretary revealed this. During the curtain raiser event he said, "We are providing around 40 acres of land next week. 10 acres will be provided at the Adibatla aerospace and precision engineer park and the rest will be allotted elsewhere."
He never disclosed the exact location. Bharat Forge announced 51:49 joint venture with Israel's Rafael Advanced Defense Systems to produce some high tech gadgets in the country. The company will soon hit stock market in state of Telangana.
The defence and aerospace manufacturing ecosystem will also be started in Hyderabad at 1000 Crores. Most of them are preferring state of Telangana as they raw materials are easy to get and there are also some renowned engineering companies around.
