Monday 21 April 2014
News updated at 5:18 PM IST
Weather
Max: 35.5°C
Min : 23.4°C
In Bangalore
Partially cloudy

Devanahalli aerospace park & SEZ gathering steam

Chethan Kumar, Dec 4, Bangalore:

KIADB will charge an estimated Rs 150 lakh per acre for allotments

The IT brandwagon might have provided Karnataka with the much needed industrial mileage, but the aerospace industry has also been a key player for the State, which is home to a h ost of firms from the sector.

And with the country’s aerospace industry revenue estimated at US$100 billion, growing at an average of 25 per cent a year, opportunities are aplenty.
Realising this potential, the State has been keen on develoing specialised zones for the same —— while the launch of Quest Global Economic Zone-SEZ at Hattargi in Hukkeri taluk, near Belgaum has kick started the process of tapping the opportunities in this sector —— the aerospace park to be developed near Devanahalli is gathering steam.

Speaking to Deccan Herald, Karnataka Industrial Areas Development Board (KIADB) Chief Development Officer T R Swamy said that KIADB has acquired 3,000 acres of land of which 60-65 per cent will be available for allotment.
The area will also comprise an export-oriented aerospace SEZ across 250 acres of land. To be developed in association with the Society of Indian Aerospace Technologies and Industries (SIATI) near the new airport, the park is being set up to have production-based activities, thereby, meeting demand of the domestic industry and also add up to the exports share. The park will include  aviation MRO-(maintenance, repair, overhaul) related activities.

Describing aerospace as the ‘next big thing’ Commerce & Industry Commissioner Raj Kumar Katri said “a lot of activity is taking place in the aerospace sector, with a few foreign firms including one from Britain have shown interest in investment,” adding that the State will see a few joint ventures through Hindustan Aeronautics Limited (HAL), among other projects setting base in Karnataka.


Govt of India agencies
Although KIADB was initially to acquire land and develop it for the SEZ, the government is now planning to hand over the development part to Government of India agencies.

Further, Swamy conceded that KIADB is mooting to charge about Rs 150 lakh per acre for allotments at the park as KIADB will incur significant cost. We have already paid Rs 70 lakh in compensation, will spend more on water which is planned to be brought in from Raja Canal —— about 55 KM from the proposed park, he added.
Meanwhile, informed sources from Karnataka Udyoga Mitra (KUM), the nodal agency to clear projects at the single window level, said that there is a proposal to set up an aerospace SEZ around the park and that the proposal is awaiting Commerce Ministry’s clearance.

Go to Top

Photo Gallery
A man plucking Marmelos from a tree at Beldanga, Murshidabad, West Bengal...

A man plucking Marmelos from a tree at Beldanga, Murshidabad, West Bengal...

N Chandrasekaran, CEO & MD, Tata Consultancy Services with Rajesh Gopinathan, Chief Financial...

N Chandrasekaran, CEO & MD, Tata Consultancy Services with Rajesh Gopinathan, Chief Financial...

Rashtriya Aam Party candidate Rakhi Sawant during an election campaign, Mumbai...

Rashtriya Aam Party candidate Rakhi Sawant during an election campaign, Mumbai...

Chinese navy officers stand in formation as Pakistan naval frigate Shamsher arrives at a military...

Chinese navy officers stand in formation as Pakistan naval frigate Shamsher arrives at a military...

Students taking part in an awareness programme on the eve of World Earth Day in Patiala...

Students taking part in an awareness programme on the eve of World Earth Day in Patiala...

A butterfly and a honey bee fight to collect nectar from a flower, Delhi...

A butterfly and a honey bee fight to collect nectar from a flower, Delhi...

Spanish bullfighter Curro Diaz performs with a Gavira ranch fighting bull during a bullfight ...

Spanish bullfighter Curro Diaz performs with a Gavira ranch fighting bull during a bullfight ...

Dressed for the occasion, Michelle White poses for photographs as she makes her way along ...

Dressed for the occasion, Michelle White poses for photographs as she makes her way along ...

Dressed for the occasion, a dance group from Rolling Meadows High School in Rolling Meadows ...

Dressed for the occasion, a dance group from Rolling Meadows High School in Rolling Meadows ...

Dressed for the occasion, Ella Morton, right, and others pose for photographs along New York's ...

Dressed for the occasion, Ella Morton, right, and others pose for photographs along New York's ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523