The Union Ministry of Commerce has given approval to Dassault Reliance Aerospace (DRAL) as the co-developer for construction of Dhirubhai Ambani Aerospace Park at Nagpur’s MIHAN SEZ.

Maharashtra Airport Development Company (MADC), the agency developing the multi-modal International Hub Airport at Nagpur (MIHAN) project, has the status of developer.

MADC will enter into a land-lease agreement within a fortnight and the ceremony for the project is likely to be held by July 2017 end or beginning of August 2017.

The park will be developed in two phases. The first phase will be developed on 104 acre of the 289 acre in the SEZ area allotted to the company. Aircraft spares will be mainly manufactured here.

The Dassault aircraft will be manufactured in the second phase. The project is expected to generate job opportunities to over 5,000 people.

MADC will construct a 1.5 km long taxiway to offer connectivity to the Nagpur international airport.

The company is likely to produce the first front portion of the plane by December 2017. Once completed, the park will have an annual capacity to produce 22 aircraft.

The project will see a total investment of Rs 6,500 crore and many suppliers from all over the world will set up their shops in the project.