Bangalore, India, March 16th, 2012 - The Government of Karnataka has enhanced its impetus on the Aerospace industry in the State by earmarking 950 acres of land for an Aerospace Park in Bangalore with an investment of Rs.500 crores. The Government has approved 52 projects in the sector to establish manufacturing and R&D facilities in the State. Leading companies in the aerospace sector such as EADS, Jupiter Aviation, HAL, BEML, Wipro, Dynamatic Technologies, Tyco Electronics Corporation and others in the MSME segment are in the process of establishing their manufacturing and R & D facilities which are expected to generate over 30,000 jobs. GOK and CII have formed a joint task force on Aerospace with the overall intent of promoting and developing the State’s aerospace industry.
Speaking at the 3rd.International Exhibition and Conference on Civil Aviation “India Aviation 2012” in Hyderabad Mr. Maheshwar Rao, I.A.S, Commissioner of Indistries, Government of Karnataka said, “The Government of Karnataka has recognized the Aerospace and Avionic Sector as one of the thrust sectors for industrial investment promotion in Karnataka. The State has an ideal ecosystem for this sector and we want to cash in on this not only to sustain Karnataka’s position as the country’s Aviation hub but also to encourage and support the MSME segment in the sector”.
The State Government proposes to establish a Technology Innovation Centre on Aerospace at the Bangalore Aerospace Park to provide R & D support, particularly to SMEs of this sector. The Government plans to approach majors like ISRO, USIBC, NAL, EADS, Honeywell and others to become stake holders in the Technology Innovation centre. As recommended by the Joint Task Force, the government hopes to set up an Aerospace university in the near future to cater the human resources for the aviation sector.
Referring to the Global Investors Meet-2012 to be held in Bangalore on 7th & 8th June, 2012, Mr. Maheshwar Rao said that the summit would be an ideal platform for companies in the aviation sector to experience what Karnataka has to offer and set up operations in the State. Karnataka hopes to garner substantial investments during the GIM which will also open up employment opportunities. At the India Aviation 2012 held today, the Government had fruitful discussions with several Global and Indian players in the sector.
Karnataka and in particular Bangalore has become the most preferred destination for Aerospace industries with the presence of aviation related organizations like Hindustan Aeronautics, National Aerospace Laboratories, Indian Space Research Organization, Defense Research and Development Organization, Aeronautics Development Authority, Aeronautics Development Establishment, Center for Artificial Intelligence and Robotics etc. This has further added credence to the State being the Country’s hub for the sector. Apart from these organizations, global R&D giants like BAE Systems, Boeing, Rolls Royce, Honeywell, Snecma, General Electric, Turbomeca, EADS, Research Center of Boeing, etc., have also put Karnataka in their map.