ENA Sectors 2024-02-20 15:26:41 <p><span style="font-size:14px"><strong>Karnataka, Feb 20 (KNN)</strong> Air India, in collaboration with Tata Advanced Systems Ltd (TASL), has signed a memorandum of understanding (MoU) with the Karnataka government, signalling a significant investment of Rs 2,300 crore into the states aerospace and defence sector on Monday.</span></p> <p><span style="font-size:14px">The strategic partnership aims to bolster Karnatakas aerospace ecosystem and envisages the creation of over 1,600 direct jobs along with 25,000 indirect employment opportunities.</span></p> <p><span style="font-size:14px">The signing ceremony took place in the esteemed presence of Karnataka Chief Minister Siddaramaiah and State Industries &amp; Infrastructure Development Minister MB Patil, highlighting the government's commitment to fostering economic growth through strategic alliances.</span></p> <p><span style="font-size:14px">Siddaramaiah expressed his delight at the collaboration, emphasizing its pivotal role in propelling Karnataka's aerospace industry to new heights.</span></p> <p><span style="font-size:14px">He underscored the potential of this investment to not only augment employment opportunities but also significantly contribute to the state's overall economic development.</span></p> <p><span style="font-size:14px">As per the MoU, Air India is set to establish state-of-the-art maintenance, repair, and overhaul (MRO) facilities at Kempegowda International Airport in Bengaluru, operated by Bangalore International Airport Ltd.</span></p> <p><span style="font-size:14px">These facilities will encompass airframe maintenance, including the development of wide-body and narrow-body hangars, catering to various checks, including heavy structural assessments.</span></p> <p><span style="font-size:14px">This initiative is poised to generate over 1,200 highly skilled jobs, thereby bolstering the local workforce and enhancing the MRO ecosystem in India.</span></p> <p><span style="font-size:14px">Additionally, TASL's investment endeavours will focus on implementing aircraft modification, conversion, and completion facilities for defence purposes.</span></p> <p><span style="font-size:14px">Furthermore, plans are in place to establish indigenous gun manufacturing and R&amp;D units in the aerospace and defence sector, further contributing to job creation in the state.</span></p> <p><span style="font-size:14px">Nipun Aggarwal, Chief Commercial &amp; Transformation Officer at Air India, emphasised the significance of this initiative in enhancing self-reliance in fleet maintenance and bolstering India's aviation infrastructure.</span></p> <p><span style="font-size:14px">The partnership is poised to expand Air India's connectivity in Bengaluru and beyond, thus facilitating greater access to global destinations and stimulating traffic aggregation from Southern India.</span></p> <p><span style="font-size:14px">Moreover, the MoU is expected to strengthen the supply chain for over 200 small and medium enterprises (SMEs) in the state, fostering innovation and economic growth across the region.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36755 https://knnindia.co.in/news/newsdetails/sectors/air-india-tata-advanced-systems-sign-mou-with-karnataka-aerospace-defence-sector 2024-02-20 15:26:41 knnindia.co.in