Karnataka woos US firms |
Karnataka chief minister Siddaramaiah has urged US aerospace firms to make products and components for domestic and global markets in Karnataka. Pitching for investments to boost the state`s growth story, he said at the US-India aviation summit at Bengalaru. .Notingthat Bengaluru was India`s aerospace hub with 65 percent of the country`s investment in the sector, the chief minister said Karnataka was the first state to have an aerospace policy (2013-2023) to attract investments and new technologies. The growth potential of aerospaceand defence industry has attracted global majors like Boeing, Honeywell, Airbus, EADS, Pratt & Whitney, Rolls Royce and UTC Aerospace to sup their engineering and design services in this tech hub. Siddaramaiah added that at least 300 delegates were participating in the three-day event. Assuring the prospective firms of the state government`s support to facilitate their investments with incentives, Siddaramaiah said a dedicated Aerospace Park has been formed near the Bengaluru international airport at Devanahalli on 984 acres of land, with a special economic zone (SEZ) and the country`s first aerospace SEZ at Belagavi in the state`s northern region, about 500 km from Bengaluru.
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