Karnataka clears ₹480-cr for aerospace sector

The Karnataka government has approved a ₹480 crore investment proposal in the aerospace sector. The US_based Goodrich Aerospace Service Pvt Ltd has received clearance to establish a unit to manufacture aircraft evacuation, lighting, cargo, seating and electrical power systems. The State government has decided to allot 25.01 acres of land at plot Nos 132-167 at the aerospace special economic zone in Devanahalli near the Kempegowda International Airport. It will also provide 400 kVA power through Bescom; 3 lakh litres of water per day through the Karnataka Industrial Areas Development Board (KIADB), and othe incentives as per the state's aerospace policy. The planned expansion in Devanahalli offers a key advantage of positioning Karnataka on the global network and further enhances the state's ecosystem in aerospace and defence sectors. Goodrich is working in the aerospace sector since 1996 in India and has three establishments at three locations across the state.