Hyderabad: The Tata-Sikorsky joint venture to manufacture aerospace components and systems at the Aerospace Park on the outskirts of Hyderabad will start rolling out products from November.
Announcing this at MAN'EXE, the 7th leadership series on manufacturing excellence organised by the CII here on Wednesday, Mr Kanna Lakshminarayana, Minister of Industries, Andhra Pradesh, said the new industrial policy (2010-15) announced by the State would give a big thrust to manufacturing.
The State has come up with several incentives, has the lowest power tariff for industries and the largest number of notified SEZs (Special Economic Zones), over 50. It is also looking at the National Manufacturing Investment Zones, being proposed by the Centre, he said.
Tata Advanced Systems, the Tata Group company, formed the venture with Sikorsky Aircraft, US, to manufacture aerospace components in India. As part of it, they set up a manufacturing unit at the Aerospace & Precision Engineering SEZ (special economic zone) at Adibatla village to begin making components and assembling Sikorsky S-92 helicopter cabins. It will also make components for other aerospace OEMs.
Transforming india
In his keynote address, Dr V. Sumantran, Executive Vice-Chairman, Hinduja Automotive and Board of Director of Ashok Leyland said a “Combination of planning and entrepreneurship was a must for India to achieve the goal of transforming into a happy, developed country.”
He cited two recent headlines: By 2015, Indian GDP will cross China's and India to emerge a Detroit of the East.
While they read great and achievable, there is cause of concern, because we tend to celebrate too early. These are goals which need tremendous work and effort to achieve. India needs relentless investments in infrastructure, especially power and energy to drive the high growth rates.
He listed several advantages the country has in terms of the large youth force and low cost demand driving innovation and frugality, an old world virtue internalised amongst the people that could be channelized for the growth story.
Trump card
Dr Sumantran said India's trump card would be IT-enabled manufacturing. Cloud competing, he said, makes small and medium enterprises competitive. However, he expressed concern about the general lack of high quality across industries. This has to be addressed.
Earlier, the Chairman of CII-AP, Mr Shakthi Sagar, in his welcome, said India was emerging as a manufacturing hub with more companies shifting their units.
The national manufacturing policy and the manufacturing investment zones should provide an impetus.
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