GMR Group to develop 500-acre aviation hub in Andhra Pradesh
Chairman G M Rao announced the development of an aviation city during the CII Partnership Summit on Thursday.
GMR Group is developing a 500-acre aviation and aerospace ecosystem in Andhra Pradesh, according to reports by Urban Acres, Business Standard and Deccan Chronicle. Chairman G M Rao announced the project while addressing the CII Partnership Summit on Thursday.
Rao described the proposed development as an aviation city that would be built alongside an airport. He stated that while economic activity historically grew around ports, railway stations and city centres, airports have become new economic engines.
The company has not yet disclosed the precise location of the 500-acre site, the investment value, the project timeline or a detailed master plan. It is also not specified if the ecosystem will include manufacturing, maintenance, repair facilities, logistics or training institutions.
Rao remarked that Visakhapatnam would be the "Bombay of the East" and described Andhra Pradesh as a destination shaped by trade, technology, trust and thought leadership. He noted that the state administration, led by Chief Minister N Chandrababu Naidu, acts with "remarkable speed."
The announcement comes as the Andhra Pradesh government seeks to attract investment. No specific government orders, land allotments or funding commitments have been cited in relation to the project.