GE, a US-based aircraft engine company, has teamed up with the Tamil Nadu Industrial Development Corporation (TIDCO) to establish a Centre of Excellence for new aviation engine technology in the southern state.
A joint press release released on Monday stated,
“An investment of roughly Rs 141.26 crore over five years was suggested to be supported by TIDCO and GE in two parts.”
The Centre of Excellence will focus on the technological development of aviation engine components such as compressor heat exchangers, combustor components, casing, frames, gears, and splines, according to the announcement.
M K Stalin, the Chief Minister of Tamil Nadu, lay the foundation stone for Standard Chartered Global Business Services’ (GBS) largest global office complex in the DLF Downtown project at Tharamani last month.
DLF, a real estate conglomerate, has announced a Rs 550 crore investment in a one-million-square-foot office complex.
The joint venture with the Tamil Nadu Industrial Development Corporation Limited (TIDCO), which will spend Rs 50 crore, will result in the development of 6.8 million sq ft of IT and ITES parks.
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