Bavaria, Karnataka eye joint ventures in aerospace sectors

Bangalore: The German state of Bavaria and Karnataka are exploring possibilities of joint cooperative ventures in the field of research, industry, commerce, tourism, infrastructure and other related areas.
Both the states -- Bavaria and Karnataka -- today signed a memorandum of understanding to facilitate collaborative projects in areas such as trade, information and communication technology and bio-technology.
The MoU also covers genetic engineering, research and manufacturing, electronics, aerospace, media technology and agribusiness and services sector.
The two states would establish a steering committee or working group in Munich and Bangalore, respectively.
Karnataka Chief Minister H D Kumaraswamy said 12 companies from Bavaria, which has a liaison office here, had chosen Bangalore as their business location and hoped the number would increase further. Referring to the potential for aerospace industry he said the government is developing 1000 acres exclusively for aerospace and aircraft component manufacturing cluster near the Bangalore International Airport.
02/04/07 Zee News

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Categories: Foreign Apr 2007, General Aviation Apr 2007