MoU24 Oct 2026, 04:20 pm
Melstar Subsidiary Signs MoU for Aviation Training Center
AI Summary
Melstar Information Technologies Ltd's wholly owned subsidiary, Melstarr Aviations Tech Private Limited (MATPL), has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB). The MoU facilitates the establishment of a Maintenance Training Organization in Andhra Pradesh, with an estimated investment of ₹20 crore and a land requirement of 5 acres at Orvakal, Kurnool District. The project is expected to create approximately 50 direct and indirect employment opportunities. The MoU is non-binding and aims to foster cooperation, with final land allotment, incentives, and benefits subject to government policies and processes.
Key Highlights
- Subsidiary signs MoU to establish Aviation Maintenance Training Center.
- Project involves ₹20 crore investment and 5 acres of land.
- Expected to create 50 direct and indirect jobs.
- MoU is non-binding, facilitating cooperation.
- Subject to government policies and approvals.
Price Impact
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