BENGALURU: The State Cabinet on Friday approved the Karnataka Aerospace and Defense Policy 2022-27 with an objective of transforming the state into a defence manufacturing hub. The new policy comes at a time when aerospace industrial corridors are coming up in neighbouring Tamil Nadu and Uttar Pradesh. The policy also aims to establish Karnataka as the preferred investment destination for aerospace and defence manufacturing by ensuring more incentives and subsidies for manufacturers of components and in a long way serve the purpose of the Defence Ministry’s target of 70% self-reliance in weapons by 2027.
