Schneider Electric to set up manufacturing unit in HYD Airport Industrial Park
GHASL will build the facility on 18 acres of land and lease it to Schneider Electric, in a non-SEZ area.
GMR Hyderabad Aviation SEZ (GHASL), a 100% subsidiary of GMR Hyderabad International Airport (GHIAL) and Schneider Electric, the leader in the digital transformation of energy management and automation, recently entered into an agreement to build and lease a state-of-the-art manufacturing facility at GMR Industrial Park in Hyderabad.
As a part of the agreement, GHASL will build the facility on 18 acres of land and lease it to Schneider Electric, in a Non-SEZ area. The facility will be rolled out in two phases. Spread over 2 lakh square feet in the first phase, the manufacturing facility will be handed over for operations by June 2023. Further, in the second phase, the facility will be expanded by additional 1.75 lakh square feet.
Aman Kapoor, CEO - Airport Land Development, GMR Group, said, "With more global industrial players looking at India to set up their manufacturing facilities, this partnership will further contribute to "Make-in-India" and attract more players to leverage our facilities and capabilities within the GMR Hyderabad AeroCity."
Javed Ahmad, senior vice president, global supply chain, international region, Schneider Electric said, "We are glad to associate with the Government of Telangana and GMR for building this world-class facility at the Hyderabad Airport Industrial Park. GMR has the proven capability in building large Infra projects and we hope that this facility will become a benchmark for both GMR and Schneider Electric, globally".
"Leveraging GMR Group's experience in infrastructure development, GHASL has developed 'GMR Industrial Park', bringing to its customers the convenience of a 'ready-to-use' infrastructure. By virtue of being housed within Hyderabad International Airport, the Park enjoys greater security, uninterrupted supply of utilities like power and water and a reliable IT backbone. The Park also enjoys support of the complete Airport ecosystem like the availability of 5* hotel, F&B, Medical facilities, rental accommodation, reliable and affordable transport etc. The Park benefits from a dedicated Municipal Body set up for Airport-related building plan approvals," reads the release.
GMR Industrial Park offers the flexibility of choosing land within Multi-product Special Economic Zone (SEZ) for business serving foreign markets as well as land in Domestic Tariff Area for businesses serving India market. The Park also houses India's 1st and only Airport based Free Trade Warehousing Zone (FTWZ) in 20 acres within the SEZ. It is well connected by air, road and rail, including robust connectivity to seaports. It also has access to an operational runway for final assembly line and testing requirements of planes, UAVs and helicopters.