The GMR-led Hyderabad Airport City is being transformed as an aerotropolis, with a vibrant business-cum-leisure hub and theme parks.
The diversified infrastructure company GMR has been developing Hyderabad Airport City in the precincts of the Hyderabad International Airport. Hyderabad Airport City will offer an integrated ecosystem with theme-based, anchor-led development zones, which include key ports and establishments, including a Business Port, a Health Port, Education Port, Fun Port, Retail Park, Logistics Park and Aerospace Park, as a multi-product SEZ.
By developing the airport as an aerotropolis, it is expected to play a catalytic role in the growth of Telangana’s economy.
Aman Kapoor, CEO, GMR Airport Land Development, said, “GMR Hyderabad Airport City aims to become an urban conglomeration in South India and its proximity to the airport will open new vistas for international investment.”
French major Safran has located its facility at GMR Hyderabad Aviation SEZ Ltd, a 100 % subsidiary of GMR Hyderabad International Airport Ltd, to manufacture aircraft engine parts for the LEAP turbofan engine from CFM International.
GBS Raju, Business Chairman, Airports, GMR Group, said, “Safran’s presence adds great value to the niche aerospace cluster.”
Hyderabad Airport closed last year with more than 21 million passengers and is growing 20 % year-on-year.
GMR Hyderabad International Airport Ltd was commissioned in March 2008, with an initial capacity of 12 million passengers per annum (MPPA) and 1,50,000 MT of cargo handling capacity a year. The project has the flexibility to accommodate over 40 MPPA and is being developed in a phased manner.
Source: The Hindu Business Line