Gulf based Emirates group has signed an memorandum of Understanding(MoU) with AP Economic Development Board(APEDB) to establish a framework for collabaration in aviation sector. With this, a 30,000 Crore investment from Emirates is expected to arrive to AP.The MoU was signed by Sheikh Ahmed Bin Saeed Al Maktoum, Chairman and Chief Executive Emirates Airline & Group, and Krishna Kishore, CEO, Andhra Pradesh Economic Development Board (APEDB), according to a statement from APEDB.
The MoU signed with The Emirates Group includes setting up a Maintenance Repair and Overhaul (MRO), an Aviation Training Centre and a Manufacturing Unit of in-flight consumables. Also, Emirates has agreed to set up a special Aviation Training Academy in AP.As part of the MOU, both APEDB and the Emirates Group would jointly work together and do extensive research on the Aerospace industry and the proposals in its manufacturing industries. Based on the understanding, the APEDB and the Emirates Group would zero in on the investments.As per the deal, the improvement of Aviation industry in AP is the key and to develop the industry in AP matching to global standards. Naidu personally invited Emirates Chairman Maqdoom to visit AP and expressed wish to collaborate and work together.
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