Karnataka: Policy aims at Rs 45K crore aerospace and defence investment in five years

BENGALURU: The new Karnataka Aerospace and Defence Policy 2022-27 announced by the State Government aims to attract investments to the tune of Rs 45,000 crore (USD 6 bn) in the aerospace and defence sector in five years. The policy aims to create additional jobs, direct and indirect for 60,000 persons and develop Karnataka as the aerospace and defence manufacturing hub, including MRO and space applications for both the Indian market and exports.