Global Aerospace majors evince interest in SEZ

Chennai/ Bangalore: Honeywell, Rolls Royce, Dassault Aviation and Thyssen Krupp are among the 50 or so domestic and overseas companies that have shown interest in setting up manufacturing units in the aerospace SEZ near the Bangalore international airport. The top officials from these companies held talks with the state government during the Aero India 2011 and visited the upcoming Aerospace SEZ near the Bangalore international airport, a senior government official said.
“The proposals have the potential to generate an investment to the tune of Rs 5,000 crore in the next two years in the aerospace sector. Already, nine Indian firms, including IT majors Wipro and Mahindra have signed memoranda of understanding with the government for an investment of around Rs 430 crore at the Aerospace SEZ,” V P Baligar, principal secretary, department of commerce and industries, government of Karnataka told Business Standard.
He said, aerospace division of Thyssen Krupp from Germany, Axis Aerospace and Technologies, and Mahindra Group have already taken approvals from the state government. Thyssen Krupp is investing Rs 50 crore in the first phase and is taking up around 10 acres for their components’ manufacturing unit, while Axis Aerospace and Technologies is setting up an aerospace cluster comprising an MRO (maintenance, repair and overhaul) facility spread over 75 acres adjacent to the international airport.
15/02/11 Mahesh Kulkarni/Business Standard

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Categories: Foreign Feb 2011, Indian Aviation- In General Feb 2011, New Feb 2011