Bangalore: The Karnataka government is formulating an aerospace policy to attract global investments and make Banagalore a major aerospace hub in south Asia, a senior official said yesterday.
"We are soon coming out with an aerospace policy, a first of its kind in the country, to facilitate global aerospace majors and associated industries to set up their facilities in the proposed aerospace park near the international airport at Devanahalli, about 40 km from Bangalore," Principal Secretary, Industry, M.N. Vidyashankar said at a conference here.
Besides being the country's IT hub, Bangalore has emerged as a major centre for aerospace industries with the presence of state-run Hindustan Aeronautics Ltd (HAL), National Aerospace Laboratories (NAL) and a host of aeronautical research and development (R&D) organisations.
"In addition, American, European and British aerospace majors have also set up their Indian subsidiaries in the city to develop sub-systems, components, aero engines and software products for avionics used for military and civilian aircraft," Vidyashankar told about 500 delegates participating in the two-day annual conference of the Building Industry Consulting Service International (BICSI) India here.
03/08/13 IANS/India TV News
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"We are soon coming out with an aerospace policy, a first of its kind in the country, to facilitate global aerospace majors and associated industries to set up their facilities in the proposed aerospace park near the international airport at Devanahalli, about 40 km from Bangalore," Principal Secretary, Industry, M.N. Vidyashankar said at a conference here.
Besides being the country's IT hub, Bangalore has emerged as a major centre for aerospace industries with the presence of state-run Hindustan Aeronautics Ltd (HAL), National Aerospace Laboratories (NAL) and a host of aeronautical research and development (R&D) organisations.
"In addition, American, European and British aerospace majors have also set up their Indian subsidiaries in the city to develop sub-systems, components, aero engines and software products for avionics used for military and civilian aircraft," Vidyashankar told about 500 delegates participating in the two-day annual conference of the Building Industry Consulting Service International (BICSI) India here.
03/08/13 IANS/India TV News
