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As many as 34 aerospace and defence firms have shown interest in investing in Karnataka to spur aviation business in the southern state, an official said on Sunday. "In all, 34 aerospace and defence firms have signed an agreement with the state government to invest a total of Rs 2,464 crore in setting up their facilities, which have the potential to create 6,462 direct jobs," an official of the Industry Department's Udyog Mitra told IANS here. The agreements were signed at the 13th edition of Aero India 2021 expo at the Yelahanka air base on the city's outskirts on February 3-5. Among the...

Karnataka signs MoU with 34 aerospace & defence firms at Aero India SECTIONS Last Updated: Feb 05, 2021, 06:47 PM IST Share Synopsis The newly signed MoU’s with Bengaluru based companies is expected to attract an investment of Rs 2,464 crore and generate 6,462 direct employment opportunities, the state government said in a press release. Agencies “Karnataka has a vibrant aerospace and defence sector ecosystem in the country," Jagadish Shettar, said while signing the MoU. BENGALURU: Karnataka signed memorandum of understanding with 34 aerospace and defence companies at the 13th edition of...