The manufacturing plant being set up by the global aerospace firm Rolls-Royce at the Hosur Defense Industrial Corridor is expected to create several direct and indirect jobs in Hosur industrial town, sources said. The project once again came to media limelight when the Tamil Nadu Cabinet approved “structured packages” to eight investment projects worth Rs 7,000 crore, including the Hosur Rolls-Royce plant two days ago.
In total all the eight projects spanning across the sectors like electric vehicle (EV) component, footwear, glass manufacturing, and aerospace sectors will create over 22,000 jobs in Tamil Nadu.
It may be noted that International Aerospace Manufacturing Pvt. Ltd (IAMPL), a joint venture between Rolls-Royce and Hindustan Aeronautics that manufactures aero engine parts and components, has selected Hosur to expand their Indian production facilities.
IAMPL was started in 2010 as a 50/50 joint venture between Rolls-Royce and HAL for the manufacturing of high precision aero engine compressor, gas turbine parts. It now supplies nearly 200 parts for multiple civil aero engine programmes of Rolls-Royce, with customers and suppliers located throughout Europe, Asia and North America.
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The said the work of Hosur plant has been on progress for the past six months and it is expected to becompleted by 2024. Once Rolls-Royce plant is operational in Hosur industrial town, it is expected that several allied industries will also come up in the area.
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Already Hosur has more than 3,000 large, medium and tiny industrial units, primarily in automotive segment. The government has declared Hosur-Krishnagiri belt as a defense corridor that is expected to attract more defense related sectors in the future.
(With inputs from The OnLook News Research Bureau)
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