Karnataka is the undisputed leader in aerospace and defence-related manufacturing vis-a-vis services in India due to the presence of numerous aerospace companies and PSUs engaged in manufacturing, design and development, besides maintenance, repair and operations, Siddaramaiah said.
More than half of all the production units and Research and Development centers are located in Karnataka, and almost all global aerospace majors have presence in the state, he added.
"A quarter of all the aircraft and spacecraft made in India are produced in Karnataka," Siddaramaiah said.
He said: "To visualise the potential in this industry, Karnataka plans to have a dedicated and an exclusive Defence Park - a fully integrated defence and aerospace infrastructure facility to support manufacture of components, systems and sub-systems as also export of finished products besides providing a range of auxiliary units across avionics and forging."
"I have requested Prime Minister to consider establishing an exclusive Defence Park in the state," he added.
Siddaramaiah pointed out that Tata Power Strategic Engineering Division's state-of-art manufacturing facility dedicated to defence sector in the 50 acres of land, with an investment of Rs 700 crore, has an employment potential of over 500 persons.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
