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AEROSPACE PARK
The park with facility for aircraft component manufacturing and accessories was being developed near the airport in 1000 acres area. About 250 acres of the land will be earmarked for a special economic zone (SEZ) in the aerospace hub.
The Aero SEZ is being worked out in collaboration with the US Aerospace Supplier Development Mission to India to introduce American companies to Indian joint‐venture groups, industry representatives, and Western original equipment manufacturers based here. The SEZ would also introduce the US companies to industry and government officials here to learn about opportunities they can exploit through various aerospace programmes.
The aerospace park is being located adjacent to a 1,000 acre electronic hardware park and a 1,000 acre software park, which will enable the aerospace industry to leverage the strengths of the IT sector. The park would include an aviation MRO‐related activities (maintenance, repair, and overhaul) and 250 acre of an export‐oriented aerospace SEZ.
The proposed projects approved by the authority are as follows:
Also among the major projects reported to have received the Udyog Mitra clearance for the Aero SEZ (special economic zone), an aviation hub in Devanahalli, is expected to see major US civil and military aviation companies as well as the European Aeronautics and Defence Systems (EADS) pump in up to Rs11,700 crore as investment. The Indian initiatives at the SEZ would see Rs666 crore of investment from Sobha Nadathur Aerospace Pvt Ltd (Rs200 crore) and Dynamatic Technologies, manufacturers of hydraulic equipment (Rs466 crore).
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