Amravati, February 9: Andhra Pradesh shook hands with Emirates Group to set up a Maintenance Repair and Overhaul, aviation centre and a manufacturing unit. The MoU aims to bring in the investment of Rs 30,000 Crores to Andhra Pradesh.
The Andhra Pradesh government on Thursday signed a MoU with the Emirates Group which is expected to bring in an investment of Rs 30,000 crore to the state, officials said.
The Memorandum of Understanding was signed between the Andhra Pradesh Economic Development Board and the international aviation holding company during Chief Minister N. Chandrababu Naidu's visit to Dubai.
The MoU also included a discussion on setting up a Maintenance Repair and Overhaul (MRO), an aviation training centre and a manufacturing unit of in-flight consumables, said a statement from the Chief Minister's Office.
The number of seats from India in a flight is limited by the agreement with the Union government and needs to be revised; the statement quotes Emirates officials as saying.
CM Naidu called on Emirates Group CEO and Chairman Sheikh Ahmed Bin Saeed Al Maktoum and recalled that as the Chief Minister of undivided Andhra Pradesh he was instrumental in the expansion of Emirates Airlines in India, and in starting the first Emirates flight from Hyderabad.
He invited Sheikh Ahmed to visit Amaravati and explore possibilities of building and operating airports and start a joint venture in aviation with the state government. Sheikh Ahmed responded positively.