Karnataka to set up aerospace park with $10 bn investment, M N Vidyashankar

Bengaluru will be the India's first and biggest aerospace industry hub in next five years. Karnataka government will set up an aerospace park with an investment of $ 10 billion near the Bangalore International Airport, announced M N Vidyashankar, IAS, the Karnataka state's Principal Secretary for Industries and Commerce while inaugurating the two-day BICSI India Annual Conference in Bengaluru on August 23rd, 2012.
He said the state will announce Aerospace Policy, the first such policy from any state in India within a fortnight. "Karnataka will have the World's biggest knowledge hub in Chitraduga - 2,000 acres of land is being provided to IISc, 1,500 acres to ISRO, 2,000 acres to DRDO, and 50 acres to National Aeronautics in Chitradurga. It will also have a manufactruing zone," said M N Vidyashankar.
24/08/12 Voice Data

To Read the News in full at Source, Click the Headline

Categories: New Aug 2012