AP has great potential for aerospace Industry: Scientist

Hyderabad, Mar 23 (UNI) India has the potential to tap Rs 50,000 crore worth business in the Aerospace Industry in the next 10 years with leading global players set to start operations in the country, according to Scientist and Chief Controller(R&D) Defence Research and Development Laboratory, Prahalada.

''This happening city has the right ambience for starting an Aeropark near the upcoming International Airport and grab business opportunities worth Rs 10,000 crore'', he said, while delivering a special address at a public session of the Confederation of Indian Industry-AP chapter here last night.

The Andhra Pradesh Government had come forward to provide land for the Aeropark to provide globally competitive eco-system for development and production of quality aerospace products and services, he said and wanted the CII to take a lead role in grabbing the opportunities offered by the low volume and high value aerospace Industry.

Mr Prahalada said some of the leading global players were keen on starting operations in the country, including, Honeywell, Safran, Airbus, Boeing and British Arospace.

The market for Akash missile would be Rs 4000 crore in the country, while that of Brahmos missile it would be Rs 3000 crore, he added.

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