HYDERABAD: Looking at the aerospace sector as a potential growth industry, Telangana chief minister K Chandrasekhar Rao reaffirmed his commitment towards making the state an attractive destination for entrepreneurs to invest.
Addressing the inaugural session of ‘Defence & Aerosupply India 2014’, a three -day industry conclave, Rao said that the Telangana government is all set to come out with a new industrial policy during the ongoing Assembly session.
The state government is also looking at providing tax reliefs to budding entrepreneurs of the state,” he said.
‘’The Central government has unveiled a new initiative to expand industries, and we are waiting for them to announce their policy, following which we will announce the policy for Telangana state,” KCR said.
The conference being organised by the Telangana government and Kenes Exhibitions. The event aims to showcase the latest technologies, products and services related to defence and aerosupply and position Telangana state as a hub to the international industry.
The event has confirmed participation from some of the globally recognized firms like EADS, Airbus, Eurocopter, Dassault, UTC, Honeywell, Lockheed Martin, Hamilton, Zodiac, Philips Aircraft, UTC HQ and the IAMF (Israeli Aerospace Manufacturing Federation) among others. The conclave aims to bring global companies engaged in the supply chain of the aerospace arena with focus on technologies, high-end products and expanding their supplier’s base to explore new business opportunities in the Indian market.
The event will witness around 200 participants and delegates from across the globe. Around 50 stalls have been set up by different companies and the organizers are confident that the conference would prove to be extremely beneficial for the industry.