Mahindra Aerospace to set up plant in Karnataka | mydigitalfc.com
Sun 26 2010 , Bangalore
Mahindra Aerospace is looking for about 20 acre land in Karnataka to set up a plant to manufacture aerospace components and planes with an investment of over Rs 200 crore. The company already has a 5 acre facility in Malur, Karnataka. The company said it is in a hurry and is looking for land at places other than Aerospace SEZ (Karnataka), which is in the early stage of development.
Once the plant is up and running, Mahindra Aerospace plans to roll out aerospace components in 12-18 months and planes in 2 years.
According to the company, the USP of its planes is that they can land and take off from unpaved fields – short or long, planes that can be used for disaster relief, pilgrimage, corporate travel – at costs per seat kilometer that approach road transport and are half of jet travel.
Hemant Luthra, President, Mahindra Systech, said, “A leading OEM and a leading Tier 1 supplier have recognized the Mahindra's commitment to the space and are asking us to quadruple the facility. We now have approval to do so and believe that the combination of Offset and the General Aviation market represents a $5 billion opportunity. The opportunity makes economic sense too, as we are focused on components and turbo prop aircrafts that can be used for economical hub and spoke air transportation which can be alternative to the poor highway infrastructure in India.”
Mahindra & Mahindra acquired majority stakes in Gippsland Aeronautics Australia and Aerostaff Australia recently. Gippsland makes eight seater, ten seater and fourteen seater aircrafts that are sold in more than 30 countries with FAR 23 certification that signifies the highest level of safety.
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