Hyderabad-based Samoha group will also invest Rs.15 billion (Rs.1,500 crore) on a precision tool making facility in the SEZ.
The chief minister handed over the letter of allotment for land to NOVA Integrated systems, Samoha and KAIZEN Technologies, which will set up a facility to manufacture helicopter components in the proposed aerospace SEZ in Anantapur.
Tata Advanced Systems Ltd CEO and managing director Lt.Gen. (retd) Davinder Kumar said it would be a state-of-the-art facility and is scheduled for completion by 2010. The first Sikorsky S-92 cabin is scheduled for delivery in late 2010.
The officials of Tata Advanced Systems said the facility would be AS9100 certified and will also meet the global standards of aerospace engineering.
Sikorsky Aircraft Corp of the US and Tata Advanced Systems recently signed an agreement to manufacture cabins for S-92 helicopters - a four-bladed twin-engine medium lift helicopter - for civil operations which incorporates the most advanced helicopter technology.
The helicopters perform search and rescue missions, transport oil workers to offshore platforms and other assignments.
Tata Advanced Systems provides integrated solutions for aerospace, defence, homeland security and disaster management.