June 13, 2024

BENGALURU EXPRESS

Truth Triumphs

Tata Group Investments in Karnataka to set up first of its kind R&D Facility in India

Bengaluru, Feb. 19: The Government of Karnataka and Tata Group companies of Air India and Tata Advanced Systems Limited (TASL) signed an MoU (memorandum of understanding) on Monday for an investment of Rs 2,300 Crore which is estimated to create about 1,650 direct employments.

The agreement was signed in the presence of Siddaramaiah and Large and Medium Industries Minister MB Patil at Vidhana Soudha. As per the MoU, Tata Group will set up various manufacturing and R&D facilities in the state.

S.Selvakumar, Principal Secretary, Industries Department and Nipun Agrawal, Chief Commercial Officer of Air India and Sukaran Singh, CEO of TASL exchanged the MoU.

Speaking on the occasion, Minister MB Patil said that Air India plans to establish an Airframe Maintenance Repair and Overhaul (MRO) facility at Bengaluru International Airport with an investment plan of Rs 1,300 Crore which is likely to employ 1,200 people. This will be first of its kind facility in India and is claimed to further open doors for full scale MRO.

Air India will also create Aviation Hub at Bengaluru Airport thus increasing the economic activity and air traffic through Bengaluru, he added

Please follow and like us:

About Author