Aero India 2011 News

Bangalore: Even as Bangalore is holding the eighth edition the Aero India 2011, Karnataka is making a headway in becoming an aerospace giant with 28 aerospace companies promising an investment of Rs.10,000 crore in the state.
The biggest Indian aerospace project would be of Mahindra Aerospace Pvt Ltd which has received clearance from the state government for their Rs. 284 crore project in Kolar.
“Mahindra will be setting up the plant in Kolar, but other than that we have already approved 27 aerospace plants that will be set up in the Aerospace Park near Devanahalli,” V P Baligar,Principal Secretary, Industries and Commerce, told The New Indian Express.
Through the investments,the State is looking at a turnover of `10,000 crore through various projects in the Aerospace Park alone, Baligar explained.
Mahindra which has recently acquired a majority stake in two Australian companies Aerostaff Australia and GippslandAeronautics, however, will be building the aerospace components, aero structure and assemblies line at its 12 acre plant in Narasapura Industrial Area, Kolar.
The State Industries and Commerce Department is pitching hard for the Aerospace Park and so for the first time, it has also setup a stall at the Aero Show 2011.
10/02/11 ExpressBuzz