Aerospace SEZ attracts heavy traffic

Bangalore: A Rs 11,700-crore investment proposal from European Aerospace and Defence Systems (EADS) is among the many aerospace projects received and approved by the State Government for its aerospace SEZ in Bangalore.
The aerospace investment plans on the 250-acre SEZ at Devanahalli, north of the city, are around Rs 14,500 crore, according to Ms Manjula Geetha, Deputy Secretary, Infrastructure Development Department.
Defence PSU HAL plans to invest Rs 2,095 crore in an aero engines facility; BEML has earmarked 400 crore. Private companies such as Dynamatic Technologies — with plans for Rs 466-crore investment — are also keen on expanding into the SEZ, she said at a seminar held to mark a century of civil aviation in the country.
About half a dozen minor airports in tourism hubs and tier-2 cities have been assigned for private development and land had been earmarked for these projects.
19/09/11 Business Line

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Categories: Indian Aviation- In General Sep 2011, New Sep 2011