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Thursday, October 30, 2008

Recession proof defence equipments manufacturers propose 100 acre defense cluster at Pune!

Good news for Pune real estate!

Eyeing the estimated localisation contracts worth Rs 40,000 cr from global defence equipments manufacturers over next five years, Pune-based DEMA Manufacturers' Association has proposed a 100-acre "defence cluster" near Pune on public-private partnership basis.

The proposal submitted to the ministry of defence looks at setting up 50-70 manufacturing units along with a research and development centre, a testing facility and a training centre with an initial investment of approximately Rs 40 cr.

DEMA, a group of small and mid-sized companies involved in defence equipments manufacturing, has requested the ministry of defence to allocate the necessary 100 acre land for this project around Pune city to optimise the overall project cost. To read more, please, visit - Business Standard

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