News Brief
Air India, Tata Advance Systems To Invest Rs 2,300 Crore In Karnataka, Generating Over 1,600 Direct Jobs
An Air India flight. (Representative Image Via Wikimedia Commons).
Tata Group companies - Air India and Tata Advanced Systems - are planning to invest Rs 2,300 crore in Karnataka for various projects, state's Chief Minister Siddaramaiah announced on Monday (19 February).
Air India plans to invest Rs 1,300 crore to conduct maintenance, repair, and overhaul operations at the Bengaluru airport.
Tata Advanced Systems intends to establish manufacturing and research & development facilities within the state.
"This investment by the Tata Group will directly create 1,650 jobs," he said in a post on X.
Also Read: Kalki Dham Foundation Stone Laying In UP's Sambhal: Here Are The Key Highlights Of PM Modi's Address
"Out of the total investment, Air India has invested Rs 1,300 crore to set up an aircraft maintenance, repair and over-haul (MRO) unit near Bangalore International Airport. As a result, 1,200 people will get direct employment and more than 25,000 jobs will be created indirectly," he said.
TASL is planning to set up three projects with total investment of Rs 1,030 crore -- Passenger to Freighter Aircraft Conversion facility (Rs 420 crore), a gun manufacturing facility (Rs 310 crore) and Aerospace and Defence Research and Development in Karnataka (Rs 300 crore).
"This will create 450 jobs," he said.
Tata Advanced Systems makes cargo and bulk cargo doors for European planemaker Airbus' A320neo family of aircraft.
TASL plans to supply 50 per cent of the 13,000 spare parts required by the company through its gun manufacturing unit to be set up near Bangalore Airport and in Kolar.
"Due to this, 2-3 thousand people will get jobs in more than 300 small and medium industries," he added.
The CM also said that 67 per cent of the planes and helicopters required by the defence department are manufactured in Karnataka.
"In addition, the state contributes 65 per cent to the export turnover of the country's aerospace and defence sector. 70 per cent of the companies in this sector in the country are based in Karnataka," he said.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
