Wednesday, January 20, 2016

Taking flight in the Karnataka, Aerospace and Defense sector open for investor bombing

950 acres Earmarked for an aerospace SEZ near adjacent to the Kempegowda International Airport at Devanahalli
Aerospace common finishing facility with Rs 99 crores investment will come up in the aerospace park for the benefit of SMEs
The birthplace of India’s first indigenous fighter jet, Light Combat Aircraft (LCA), is testimonial of Karnataka’s confidence of nobody else being above the State in the field of defense and aerospace.An undisputed leader of the country in the aerospace and defense sector, Karnataka produces more than a quarter of the Country’s requirements in the aircraft and spacecraft sector.

With a strong base of lower tier suppliers, numbering over 2,000 Small and Medium Enterprises, that execute the niche sub-contracting work for the defense Public Sector Units (PSU), there is a strong ecosystem in place for investors in these sectors.In fact, Karnataka accounts for more than 65 per cent aerospace related investments in India. The increase in the national defense budget expenditure coupled with increasing demand of the civil aviation industry, globally, Karnataka is in unique position to leverage potential growth in the sector.
20/01/16 Hans India
To Read the News in full at Source, Click the Headline