The country’s youngest state, Telangana, secured its maiden industrial investment on Monday from a Tata group company that will manufacture the fuselage and wings of Dornier 228 aircraft produced by Switzerland-based RUAG Aviation AG. Tata Advanced Systems Ltd (TASL), the aerospace and defence subsidiary of the $96.79 billion Tata group, will set up a manufacturing facility at the aerospace and precision engineering special economic zone (SEZ) in Adibatla on Hyderabad’s outskirts that already houses three other aerostructure units of TASL. “I assure the Tata group and all other investors that Telangana state will offer the best business regulatory environment as well as a competitive incentive package for future investments in my state,” Telangana chief minister K. Chandrasekhara Rao said at ...

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