Aero India 2011 News

Bangalore: Seeking to take advantage of the Aero India event, Karnataka has set a target of attracting $100 billion investments in the aviation sector in the coming 10 years.
Chief minister B S Yeddyurappa and state’s chief secretary SV Ranganath during a meeting with delegates of US India Business Council (USIBC) held here on the eve of Aero India show said business environment was conducive in Bangalore and the government plans to attract over $100 billion in next 10 years.
The state government has set up an aerospace park near Bengaluru International Airport, Yeddyurappa told the delegation.
“The city is already recognised as aerospace hub of the country and has more than 65% of the country’s investment in the sector here. Besides big presence of public sector enterprises, many international private players have invested in aerospace sector in the state,” Ranganath said.
He said a study conducted by Federation of Indian Chamber of Commerce and Industries has brought out the fact that 90 per cent of the investors have expressed that they would like to reinvest in the state.
08/02/11 PTI/Daily News & Analysis