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January 08, 2007 16:42 IST
After witnessing IT boom, Karnataka is keen on developing aerospace industry in a big way through a special economic zone.
A proposal for creating an aerospace and aircraft components manufacturing cluster at Devanahalli for maintenance, operation and servicing of aircrafts would be send to the Centre in a couple of days, Minister for Large and Medium Scale Industries Katta Subramanya Naidu said.
Observing that Bangalore was the 'natural destination' for the development of aerospace industry, he said many airlines like Lufthansa and major players have shown interest because of unprecedented growth in the aviation sector in the country.
He said that Devanahalli near Bangalore was suited for the project and already several organisations like Indian Institute of Science, Indian Space Research Organistion and Hindustan Aeronautical Ltd were functioning there.
"We propose to acquire nearly 900 acres for which preliminary notification has already been issued," he said. The state government has created a "proactive" and investor-friendly climate to boost industrialisation in the state, he said claiming that in the past 11 months, approvals to the tune of Rs 85,000 crore (Rs 850 billion) were given and projects worth Rs 45,000 crore (Rs 450 billion) were in the pipeline.
"We are moving ahead with more SEZ projects in two-tier cities in order to attract more investments to Karnataka," Naidu said adding that the state already had SEZs at Shimoga and Hasan.
He also announced setting up of a 'Karnataka Diaspora Cell' to facilitate investment among NRIs and people of Karnataka origin in setting up their ventures in the state.
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