Tata Group to invest ₹2,300 crore in Karnataka to set up an MRO, aviation R&D facilities
The Hindu
An MoU was signed on February 19 by S. Selvakumar, Principal Secretary, Industries Department, and Nipun Agrawal, Chief Commercial Officer of Air India, and Sukaran Singh, CEO of TASL, in the presence of Chief Minister Siddaramaiah and Large and Medium Industries Minister M.B. Patil at Vidhana Soudha in Bengaluru. As per the MoU, Tata Group will be setting up various manufacturing and R&D facilities in Karnataka.
The Government of Karnataka and Tata Group companies Air India and Tata Advanced Systems Limited (TASL) signed a memorandum of understanding (MoU) for an investment of ₹2,300 crore, which is expected to create 1,650 direct jobs in the State.
The MoU was signed on February 19 by S. Selvakumar, Principal Secretary, Industries Department, and Nipun Agrawal, Chief Commercial Officer of Air India, and Sukaran Singh, CEO of TASL, in the presence of Chief Minister Siddaramaiah and Large and Medium Industries Minister M.B. Patil at Vidhana Soudha in Bengaluru. As per the MoU, Tata Group will be setting up various manufacturing and R&D facilities in Karnataka.
Mr. Patil said Air India plans to establish an aircraft Maintenance Repair and Overhaul (MRO) facility at Bengaluru airport with an investment of ₹1,300 crore. The unit is expected to employ 1,200 persons.
“This will be first-of-its-kind facility in India, and is expected to further open the doors for a full-scale MRO,” he said.
Air India would also create an aviation hub at Bengaluru airport to increase economic activity and air traffic through Bengaluru, the Minister added.
Tata Advanced Systems Limited plans to invest ₹1,000 crore across three projects: Aircraft Conversion (passenger to freight), gun manufacturing facility, and a Research and Development centre in the aerospace & defence sector. All these projects are the first of their kind in India. They will be located at Bengaluru airport and also at Kolar, according to the Minister.
All these will further boost and strengthen the A&D (aerospace and defence) ecosystem of Karnataka,” Mr. Patil said. He assured the Tata Group of all support in resolving any challenges around the execution of these projects.
J&K Chief Secretary Atal Dulloo assures strong security preparedness against infiltration and adversarial challenges in Jammu and Kashmir.
Unnao rape survivor urges Delhi HC to include new evidence in Kuldeep Sengar's appeal, highlighting threats to her family.
India criticizes Pakistan at the UN for misusing self-determination claims to promote secession regarding Jammu and Kashmir.
Yadatore Mutt pontiff to visit Bengaluru on January 16 ahead of Vivekadeepti Mahasamapana.
Discover puberphonia, a voice condition where pitch remains high post-puberty, and explore its causes, assessment, and treatment options.
BMC election results may be delayed due to a new counting system implemented for the 227 wards in Mumbai.
Zubeen Garg case: CM refuses to comment on Singapore court hearing; wife seeks truth through FB post
Zubeen Garg's wife calls for truth in his death as Assam CM stays silent on Singapore court proceedings.
Apple has said it fears it could be fined up to $38 billion if India’s competition watchdog uses its global turnover calculation for penalties
Mumbai civic polls saw a turnout of 52.94%, down from 55.53% in 2017, highlighting changing voter engagement trends.
Wikipedia unveiled new business deals with a slew of artificial intelligence companies on Thursday as it marked its 25th anniversary.
Hyderabad police arrest suspect for vandalism at Puranapul temple, amid mob violence and police attacks; situation now under control.
From coral homes to tiny fish, discover how ocean acidification impacts marine ecosystems.
Delhi's air quality remains 'very poor' with an AQI of 346 amid a cold wave and dense fog conditions.