Saturday, September 8, 2012

B’lore to boast of biggest aerospace park

Bangalore that is already on the international air map, connecting most of the cities in the world, will be home to a biggest aerospace park in the world.

Principal secretary to the department of industries and commerce M N Vidyashankar told media, foundation will be laid for the park, intended to be developed at a cost of nine billion US dollars on 1,000 acres of land near Bengaluru International Airport (BIA) in the month of December.

The park will boast of Airbus, Boeing, Bombardia to name a few among the international aeroplane manufacturers, all coming under one roof.

As a prelude to this, 40 biggest aerospace companies are taking part in a meet in Bangalore on Monday (September 10).

“Name a company, you can find them in the conclave,” the officer said in a confident tone.

Investments

Reiterating that reiteration didn’t have a least impact on the industrial growth in the State, the officer substantiated his claim with the recent expressions of interest. Recently, Rs 48,000 crore worth projects were inked (apart from those signed in GIM 2012).

Most of the investments are in the area of solar energy and wind energy, besides IT and BT too with north Karnataka getting major share of it. The investors are preferring Gadag, Bijapur, Raichur and other districts in north Karnataka for the availability of water in abundance.

In addition to this, Taiwan is coming to India, particularly Bangalore in a bigger way. Taiwan is a country known for its hardware expertise and with that country evincing interest in Bangalore, it will be a wedding between software (of which India is the master) and hardware.

The minister for external affairs, Taiwan is scheduled to lead a delegation of 400 industrialists to Bangalore on September 26, the officer added.

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