AxisCades Aerospace keen to invest Rs 6,000 Crore: Karnataka Minister MB Patil
Bengaluru, May 20
Bengaluru-based aerospace and defence company AxisCades Aerospace Infrastructure Private Limited is set to invest Rs 6,000 crore in Karnataka, Industries Minister MB Patil said.
According to the release, the minister shared the information after detailed discussions held with senior officials of the company at Khanija Bhavan on Wednesday.
"The primary objective of AxisCades Aerospace is to establish an integrated hub across 200 acres for manufacturing, testing, and maintenance in aerospace, defence, semiconductor, and Artificial Intelligence (AI) innovation sectors. The company also plans to set up a domestic research and development centre under global partnerships," the minister said.
"The company will invest a total of Rs 6,000 crore in phases. The project is expected to generate 20,000 direct and 54,000 indirect jobs in the state. AxisCades also intends to develop aerospace and defence infrastructure, including missile sub systems, radar and sensor systems, and Maintenance, Repair and Overhaul (MRO) facilities for fighter aircraft. In the first phase, the company will invest Rs 1,290 crore, followed by Rs 2,898 crore in the second phase and Rs 1,512 crore in the third phase," he explained.
The release said that to implement the project, the company has requested land near Devanahalli. The company has also expressed its intention to build a 1.8-km-long runway. In response, the minister suggested that airports at Hassan, Vijayapura, and Shivamogga could also be considered if required. However, company representatives stated that the proposed facility should preferably be located close to their existing Devanahalli unit. Subsequently, the minister directed officials to identify suitable land where runway construction would also be feasible.
Principal Secretary of the Commerce and Industries Department Dr. N. Selvakumar, Industries Commissioner Khushboo Goyal, Infrastructure Department Secretary Vishal, Technical Advisor to the Minister Aravind Galagali, AxisCades Managing Director Sharadhi Chandra Babu, Director Suresh Kumar, General Manager (Projects) N. K. Satish Kumar, and senior officials attended the meeting.
— ANI
Reader Comments
Good to see Karnataka attracting this kind of investment in aerospace. The industrial corridor near Devanahalli is becoming a real hub. But 1.8 km runway near existing unit? Hope they get the clearances smoothly without delays.
This is exactly what we need - Atmanirbhar Bharat in defence and aerospace! Missile subsystems, radar, MRO for fighter aircraft - all critical for our national security. Let's hope the global partnerships bring real technology transfer. Jai Hind! 🇮🇳
Phase-wise investment of 1,290 cr first, then 2,898 cr, then 1,512 cr. That's thoughtful planning. But I've seen such announcements before where land acquisition becomes a hurdle. Hope the government facilitates quickly.
Finally some concrete steps towards making Bengaluru a global aerospace hub! The integrated hub concept with AI and semiconductor innovation is very forward-looking. But my only concern is whether the local workforce will get the required training for these advanced roles? Hope there's a skilling component.
MB Patil is doing good work. But they already have existing unit in Devanahalli - why not use that itself? Runway construction near that area might face environment hurdles. Suggesting Hassan or Shivamogga airports makes sense for spreading development. Let's see.
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