Air India and Tata Advanced Systems Ltd (TASL), a player in aerospace and defence solutions, on Monday signed a memorandum of understanding (MoU) with the Karnataka government for an investment of Rs 2,300 crore in the state’s aerospace and defence sector.
The strategic move is expected to enhance Karnataka’s aerospace ecosystem and help create over 1,600 direct and 25,000 indirect jobs in the state.
The MoU was signed in the presence of Karnataka Chief Minister Siddaramaiah and State Industries & Infrastructure Development Minister MB Patil.
