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Posted on Nov 21, 10:25PM | UNI
The Karnataka government will come out with its 'Aerospace Policy-2012', the first state to do so, to attract aerospace industries and emerge as a relatively low cost aerospace manufacturing and Maintenance Repair and operations (MRO) hub in Asia and Middle East, a top official said today.
Speaking to reporters on the sidelines of the UNIDO-UK workshop on Aerospace industry, Karnataka Industries and Commerce Principal Secretary M N Vidyashankar said the draft of the policy was ready and it was finalised after wide consultation with trade bodies and industries.
He said in the new policy, the government would unfold a 10 year perspective plan on the aerospace industry.
'We will announce the new policy in December. We are also moving fast on the development of Aerospace Park near Devanahalli close to International airport near the city, we are eyeing to attract more than USD 7 billion investment in the next five to 10 years,' he said.