Tata Group invests Rs 2,300 crore in Karnataka, Air India and Tata Advanced Systems are planning to invest Rs 2,300 crore in Karnataka, Chief Minister Siddaramaiah said on Monday.
He further said on his 'X' social media page: To the Tata Group
Owned by Air India and aircraft parts maker Tata Advanced Systems, both have invested Rs 2,300 crore for various projects in Karnataka.
are to invest.
Out of the total investment, Air India plans to invest Rs 1,300 crore for projects including aircraft repair and maintenance at Bengaluru airport.
This will provide employment to 1,200 people directly and more than 25,000 people indirectly. Similarly, Tata Advanced Systems is investing in setting up manufacturing, research and development facilities in the state is to do.
Tata Advanced Systems, Europe Doors for the aircraft manufacturer's Airbus A320 Neo cargo aircraft
prepares
The company has earmarked Rs 1,030 crore for three projects.
Out of this, Rs 420 crore will be spent to set up a division to convert civil aircraft into cargo aircraft, and the remaining amount will be spent on gun manufacturing division, space defense research and development. This will create job opportunities for 450 people. He said this