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Bangalore Aerospace Park attracts interest from Global Aerospace majors
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Written by James   
Friday, 25 February 2011

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Bangalore: Nearly 50 domestic and overseas companies have shown interest in setting up manufacturing units at the Bangalore Aerospace Park, an aerospace SEZ coming up near the Bangalore international airport.

Nine Indian companies have already signed MoUs with the state government to set up manufacturing facilities in the SEZ at an investment of approximately Rs 430 crore. Earlier this month delegations from Belgium, France and the US held discussions with the state government for setting up production facilities for aerospace parts, structures and assemblies.

Many of the companies that have evinced interest are tier-1 suppliers to aerospace primes (OEMs) like Boeing, EADS, Lockheed Martin etc. A significant part of the offset obligations of the OEMs will be fulfilled by their suppliers.

Hindustan Aeronautics Limited, BEML, Dynamatic Technologies, Wipro, Dynatech, System Controls, Mistral, Amada, StarragHeckert, Tyco and Centum electronics are some of the companies that have already moved ahead with their investment proposals.

The aerospace division of Thyssen Krupp (Germany) plans to set up a component manufacturing unit, with an investment of Rs 50 crore in the first phase. The company will take up around 10 acres for this project.

Axis Aerospace and Technologies is setting up an aerospace cluster spread over 75 acres near the international airport. The cluster will have an MRO (maintenance, repair and overhaul) facility.

Mahindra Aerospace Pvt Ltd (MAPL) plans to invest Rs 284 crore to set up a manufacturing unit for aerospace components, structures and assemblies at Narasapura industrial area in Kolar district, about 100 km from Bangalore. MAPL aims to establish itself as Tier-1 supplier to large aircraft OEMs and quickly move up the value chain in aerostructures.

Wipro plans to set up an aerospace SEZ at the Bangalore Aerospace Park with an investment of Rs 53 crore.

 
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