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With an aim to strengthen Bengaluru’s aerospace ecosystem and tap defence offset opportunities, the Karnataka government has offered free exhibition space to small and medium enterprises (SMEs) at the Aero India 2017.
Aero India 2017 event is being organised and conducted by the Defence Exhibition Organisation (DEO) from February 14 to 18 at the Air Force Station, Yelahanka in Bengaluru.
The Karnataka government has procured 60 square metres of exhibition space from the Central government at a concessional rate and in turn is offering free exhibition space to SMEs.
“The State government is offering free space to about 50 companies registered under National Small Industries Corporation Ltd (NSIC) on first-cum-first-serve basis,” RV Deshpande, Karnataka Minister for Industries, told BusinessLine .
“This has been done with a strategic intent and solely to maintain our strength in aerospace sector and also help SMEs to scale up their business with international exposure,” he added.
Karnataka is fast becoming a critical destination in the aerospace value chain, said a report ‘Karnataka – Aerospace hub of India’ brought out by PricewaterhouseCoopers India.
The State provides a balanced ecosystem for manufacturing and services companies. While many large firms like operate from Bengluru, other new companies are establishing operations in the city’s outskirts, in key industrial belts surrounding the city and in Belagavi in north Karnataka.
“The growth of other allied industries has also helped the aviation manufacturing industry. The State is also unique as it has a large density of aerospace institutions and has the potential of developing into an innovation and R&D hub,” said Dhiraj Mathur Executive Director & Leader, Aerospace & Defence Practice PricewaterhouseCoopers (PWC) India.
A major hubEver since HAL was set up in Bengaluru in 1940, Karnataka has emerged a major aerospace hub for IT, R&D and simulation.
According to PWC, with top technological innovations at its disposal, Bengaluru is rapidly becoming an aviation simulation and R&D hub. The State is an attractive destination due to its inherent advantages of a large number of highly qualified low-cost engineers and scientists.
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