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.
The event was organised by Society of Indian Aerospace Technologists and Industries on Monday.
Karnataka Government is promoting the aviation and air
infrastructure sector. A policy on minor airport development is in the
offing to encourage local connectivity and rope-in private investors as
airport developers.
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.
There is a huge growth in Karnataka, which is the
preferred investment destination in this sector for components and MRO
projects, she said. Karnataka accounts for 75 per cent of the country's
aerospace business.
Sawthis on net. may be interesting.
ReplyDeleteIf wishes had wings, scores of small aircraft sporting the Mahindra colours could be winging across Indian skies a few years down the line. Some would be made partly or fully near Bangalore.
It would be easily the first Indian effort at making and selling utility air vehicles.
In reality, at least three versions of small planes ‘priced economically’ should be flying out in three years for domestic users, according to Mr Arvind Mehra, CEO and Executive Director of Mahindra Aerospace P Ltd.
Mr Mehra told Business Line that MAPL would soon start developing its Rs 285-crore greenfield facility at Narsapur (near Kolar), about 40 km from Bangalore.
The plant, to be built on 20 acres, would start production in 12-18 months, initially for components and sub-assemblies. Eventually, the aircraft would be assembled in India and also the US, where there was scope to acquire small companies with certain expertise. It could mature into a market for over 300 small aircraft, he said.
The facility would have 1,000 employees in five years. Currently, a small core group was being recruited. The current programmes would involve an investment of around Rs 500 crore, including the Narsapur facility, and some of it would be spent in due course.