Eye on big moolah in civil aviation sector

Bangalore: State Government’s Chief Secretary S V Ranganath said that government is taking measures to ensure that a major portion of the investments made into the civil aviation sector flows into the state.
Speaking at a programme organised to mark the centenary of civil aviation,? Ranganath said, “According to the Aeronautical Engineering Institute of India report, around $110 billion investments would flow into the civil aviation sector in the country, which is projected to have the highest growth rates in the aviation sector in the next 20 years. Around $80 billion would be invested in manufacture sector and $30 billion would be invested in infrastructure development. As more than 65 per cent of the aviation related industries in the country are located in and around Bangalore, the State Government is keen on attracting the major share of investments to the state.”
According to Ranganath, the government has initiated process to set up an aerospace industrial area in 1,000 acres of land near Devanahalli and 41 industries have signed MoUs with the government to set up their industries there during the Global Investors Meet.
20/09/11 IBN Live

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Categories: Indian Aviation- In General Sep 2011