<p>Speaking after receiving a delegation of the US-India Business Council (USIBC), Yeddyurappa said in a bid to give further impetus to aerospace sector, the state government is setting Bangalore Aerospace Park (BAP) in 984 acres, adjacent to Bangalore International Airport (BIA).<br /><br />The BAP would comprise 252 acres of Special Economic Zone (SEZ), the chief minister said. <br />There was ample scope for increasing the presence of US companies in Karnataka, he said and promised that all assistance would be extended to them.<br /><br />Potential of $100 billion<br /><br />Chief Secretary S V Ranganath said the state government expected investment to the tune of $100 billion dollars in the aerospace sector over the next 10 years.<br /><br />The State provided a conducive environment for investment, Ranganath said, citing a recent <br />Federation of Indian Chamber of Commerce and Industry (CII) report, according to which 90 per cent of foreign investors in Karnataka expressed their desire to invest again.<br /><br />Industries Department Principal Secretary V P Baligar said the state government was looking at setting up an Aerospace University to ensure availability of trained manpower and higher research capabilities in the aerospace field.<br /><br />Admiral (rtd) of the US Navy, Walter P Doran, mission leader, USIBC, said US companies looked for deeper defence relationship with India to address global security needs. <br />He expressed confidence that more US companies would come forward to invest in the State, especially in the aerospace sector in the future.<br /><br />The USIBC was formed in 1975 as part of the joint effort of the Government of India and the US Government to advance commercial ties between the two countries.</p>
<p>Speaking after receiving a delegation of the US-India Business Council (USIBC), Yeddyurappa said in a bid to give further impetus to aerospace sector, the state government is setting Bangalore Aerospace Park (BAP) in 984 acres, adjacent to Bangalore International Airport (BIA).<br /><br />The BAP would comprise 252 acres of Special Economic Zone (SEZ), the chief minister said. <br />There was ample scope for increasing the presence of US companies in Karnataka, he said and promised that all assistance would be extended to them.<br /><br />Potential of $100 billion<br /><br />Chief Secretary S V Ranganath said the state government expected investment to the tune of $100 billion dollars in the aerospace sector over the next 10 years.<br /><br />The State provided a conducive environment for investment, Ranganath said, citing a recent <br />Federation of Indian Chamber of Commerce and Industry (CII) report, according to which 90 per cent of foreign investors in Karnataka expressed their desire to invest again.<br /><br />Industries Department Principal Secretary V P Baligar said the state government was looking at setting up an Aerospace University to ensure availability of trained manpower and higher research capabilities in the aerospace field.<br /><br />Admiral (rtd) of the US Navy, Walter P Doran, mission leader, USIBC, said US companies looked for deeper defence relationship with India to address global security needs. <br />He expressed confidence that more US companies would come forward to invest in the State, especially in the aerospace sector in the future.<br /><br />The USIBC was formed in 1975 as part of the joint effort of the Government of India and the US Government to advance commercial ties between the two countries.</p>
