India Steel Market Watch
October 29: Mumbai-based Sure Safety Solutions Pvt Ltd (SSS) plans to set up a manufacturing unit for aerial target products for defence purposes at the Gopalpur Industrial Park of Tata Steel in the Ganjam district of Odisha.
The facility will be set up by Sure Safety Solutions in collaboration with Megitt Defence, United Kingdom. Sure Safety Solutions (SSS) is expected to invest Rs 50-60 crore in the assembly plant which will be built over 5 acres under the “Make in India” scheme. The project will begin with an assembly line for aerial targets, followed with servicing Meggitt's more than $50-million order procured from the Indian Ministry of Defence for aerial targets.
The ground-breaking ceremony for the first assembly line shed was held on October 28 inside the Gopalpur Industrial Park being developed by Tata Steel Special Economic Zone Ltd.
Arun Misra, Vice-President, Project Gopalpur & MD, Tata Steel Special Economic Zone Ltd, said, “This is a bright beginning for us and we look forward to many more such investments and opportunities in this industrial park in the coming days. We are in discussions with investors in China and other South-East Asian countries too who have shown interest in partnering with us in this growth. We are committed to establishing this region as the next industrial hotspot in Odisha and this occasion marks the first step in this regard.”
Ravi Agarwal, President and CEO, Sure Safety Solutions, said, “We are glad to associate ourselves with Tata Steel Industrial Park at Gopalpur and will contribute our bit to industrial development of the area. We hope to start production here by mid of 2016.”
Tata Steel Special Economic Zone Limited, a 100% subsidiary of Tata Steel Ltd, is developing an industrial park at Gopalpur in Ganjam which will not only facilitate industrial development in the region but also contribute to the holistic development of the area. Recently, 1,235 acres of this land has been registered in the name of Tata Steel SEZ in the first phase.
Founded in 2004, Sure Safety Solutions (SSS) is a defence technology products maker having expertise in manufacturing and integration of equipment in the field of electronic warfare, optical tracking systems and training simulators which are required for the modernisation of armed forces. It has a pan-India presence.