The government is taking all possible steps to turn Ibrahimpatnam into an international aerospace hub. Six aerospace companies have already been set up in Adibatla municipality. In addition, all arrangements have been made to set up another aerospace company in Eliminedu village soon. With this, more aerospace companies are also willing to set up in the area.
Already 103 acres in Survey No. 166, 176.22 acres in Survey No. 421, and 376 acres in Survey No. 512 have been identified for the establishment of the company in Eliminedu village. Of this, 378 acres is government land and the government has already acquired the land by paying compensation to the farmers. All sorts of arrangements are being made to give full compensation to the farmers and take possession of the land in another week.
With this new company, it will be like seven aerospace companies in one region. The Government is also setting up a composite park in the area. The government has decided to set up a composite park on about 100 acres near Ibrahimpatnam. To this extent, land acquisition has also been completed. Forty companies have come forward to set up their companies in the park. The government also allotted land to them. Due to the proximity of the park to Hyderabad, many companies are coming forward to invest here.