The Department of Industries & Commerce met with key industry leaders in a video conference on Thursday in the aerospace & defence sector to revise the current policy and share the steps taken by the state to boost the sector.
Speaking on the video conference Minister of Large and Medium Scale Industries, Jagadish Shetter said that “I am proud to mention that Karnataka was the first state to announce an aerospace policy. The strong ecosystem has brought leading global organizations to the state, which contributes to 25% of India’s aircraft & spacecraft industry.”
Jagdish Shettar said that we appealed Defence minister of India, Rajnath Singh in a written letter to encourage to set up defense technology hubs in the state of Karnataka as Karnataka is leading manufacturer in aerospace and defense products.
The central government has been promoting several projects in the country, such as defense and aerospace. The Defense Production Corridor Project is in the process of promoting 6 and 5 Nodes in Uttar Pradesh and Tamil Nadu respectively. In addition to building new defense corridors, our request is to promote areas that already have an aerospace and defense production facility. Said Shetter.
“This vision of the policy is to go higher in the value chain and encourage #investments worth INR 45,000 crore. After Singapore and London, Bengaluru is the most sought destination for #aerospace. Smt Gunjan Krishna, Commissioner for industrial development and director department of industries and commerce.
Smt Gunjan Krishna said We will aim to set up Defence hubs in Bengaluru, Mysuru, Tumakuru, Belagavi and Chamrajaganagar and develop a sector-specific vision group to encourage workshops, skill gap studies, and industry connect workshops.
Speaking on the conference, Rajeev Kaul, MD and CEO, Aequs Aerospace said Aerospace & Defence is a capital intensive industry, and considering the pandemic times; we need to work to bring it back up through the right policy measures. We thank the Government for taking key steps to grow the sector.”
“We thank the Government of #Karnataka for their proactive measures that helped us during the pandemic times and aided us in continuing operations.” Karthik Krishnamurthy, Director Operations, Aerostructures at Mahindra Aerospace