In the third edition of FDI's Aerospace Cities of the Future 2020/21 rankings, Hyderabad was ranked number one under the category of Top 10 Aerospace Cities in Cost-Effectiveness.

Hyderabad as Affordable Aerospace City

Hyderabad is ahead of Bengaluru for the cost-effectiveness of the three (biennial) editions. In 2018–19, Hyderabad stood two positions having ranked third and in 2016–17 six positions from its seventh spot. On the other hand, Bengaluru is ranked 7th this year in cost-effectiveness while retained 5th spot in 2018-19 and 8th in 2016-17. 

The requirements used for ranking global aerospace cities under the cost-effectiveness category are annual rent for prime Grade A office space (Dollar/sqm), the yearly rent for prime Grade A industrial space (Dollar/sqm), cost to import and export (Dollar/container) and average salary (Dollar/semi-skilled and skilled worker).

List of Cities at FDI's Aerospace Future 2020/21 Rankings

In the cost-effectiveness category, the cities that made to the top 10 list in the 2020/21 rankings include 

• Hyderabad
• New Delhi 
• Eskisehir (Turkey)
• Subang Jaya (Malaysia)
• Mielec and Wroclaw (Poland)
• Bengaluru
• Istanbul (Turkey)
• Kuala Lumpur (Malaysia)
• Hermosillo (Mexico) 

Praveen P A Director Aerospace & Defense of the Telangana Government responded on the ranking of Hyderabad and stated that it is a well-proven aerospace hub for India which has manufactured and linked facilities for major world players, such as Lockheed Martin, Boeing, GE, SAFRAN, Pratt & Whitney, CFM, Saab, Thales, Elbit, Rafael etc. The cost-effectiveness rating of the Hyderabad Aerospace and Defense ecosystem would further underline the value proposition.

Aerospace requires a highly trained team and accuracy. This ecosystem has already been built by Hyderabad to ensure and enhance performance. The global aerospace industry is given the utmost priority after the pandemic, overhead reductions and cost-efficiency of the supply chain.

By: Shailaja K