GMR Group to develop 500-acre aviation hub in Andhra Pradesh
Chairman G M Rao announced the development of an aviation and aerospace ecosystem 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 Deccan Chronicle and Business Standard. The company plans to create an aviation city alongside an airport, GMR Group Chairman G M Rao said on Thursday while addressing the CII Partnership Summit.
Rao stated that the airport serves as a new economic engine, noting that while economics previously grew around ports, railway stations, and city centres, it now grows around airports. He added that Visakhapatnam will be the 'Bombay of the East'.
The chairman described Andhra Pradesh using four words: trade, technology, trust, and thought leadership. He also noted that the government led by Andhra Pradesh Chief Minister N Chandrababu Naidu acts with remarkable speed, which he said investors have witnessed firsthand.
The company has not disclosed the precise location of the 500-acre site, the investment value, or a project timeline. It has not specified whether the ecosystem will include manufacturing, maintenance, logistics, or other aviation-linked facilities.
Details regarding land acquisition, construction phases, or the number of participating companies have not been released by the GMR Group or the state government.