Tata Advanced Systems Ltd held ground breaking ceremony here for manufacturing Dornier 228 fuselage and wings.
The Tata-Ruag partnership is a glowing example of cooperation between India and Europe, TASL Chairman S Ramadorai said.
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"It is our belief that this project is a significant step forward in India's growth as a high technology, precision, manufacturing destination. Ruag has entrusted the Tatas to deliver its showcase product, the Dornier 228, at world-class standards of precision and quality," he said.
"Our vision is to work with Ruag in having a full aircraft, equipped with systems flying out from a Tata final assembly. This will be of significant importance to the Indian Armed forces in their desire to produce products locally," he said at the function.
Within five years, TASL has become a significant player in the Global Aerospace market by delivering successfully over 70 Sikorsky S-92 cabins, and delivered Empennage and Center Wing Box for the C-130 J aircraft through its separate JV with Lockheed Martin, Ramadorai said.
It has also made Hyderabad a premier manufacturing destination for Global OEMs, he added.
The Ruag project is the fourth Aerostructures unit to be set up by TASL since 2009 in Hyderabad and the products of all the units are 100 per cent exported.
Telangana Chief Minister K Chandrasekhar Rao, chief guest of the function, said the government will soon announce new industrial policy and consultations with stakeholders are underway.
"The goal is to make the Made in Telangana label as a globally recognised brand for its quality and innovativeness," Rao said.
The city -- host to many research and development bodies such as DRDO, DRDL, Midhani and BDL -- is ideal for setting up aerospace industries, he said.