Overview
- ITP Aero, which held a groundbreaking Tuesday in Shamshabad’s Hardware Park Phase-III, plans to make the 10-acre site fully operational in 2027.
- The company is investing ₹453 crore to build a facility that will produce commercial aircraft engine components such as fabricated and machined parts, including end-fittings and brackets.
- Reporting projects about 350 skilled hires over five years, with some accounts saying the workforce could grow toward 600, on top of 250 existing local manufacturing jobs.
- Telangana IT and Industries Minister D. Sridhar Babu attended the ceremony as company leaders said the expansion shows confidence in local capabilities and rising civil-aerospace demand.
- ITP Aero appointed Sandeep Sharma as Managing Director India and outlined longer-term growth plans that include €1.2 billion for research and capital spending by 2030.