A Rs 11,700-crore investment proposal from European Aerospace and Defence Systems (EADS) is among the many aerospace projects received and approved by the State Government for its aerospace SEZ in Bangalore.

The aerospace investment plans on the 250-acre SEZ at Devanahalli, north of the city, are around Rs 14,500 crore, according to Ms Manjula Geetha, Deputy Secretary, Infrastructure Development Department.

Defence PSU HAL plans to invest Rs 2,095 crore in an aero engines facility; BEML has earmarked 400 crore. Private companies such as Dynamatic Technologies — with plans for Rs 466-crore investment — are also keen on expanding into the SEZ, she said at a seminar held to mark a century of civil aviation in the country. The event was organised by Society of Indian Aerospace Technologists and Industries on Monday.

Karnataka Government is promoting the aviation and air infrastructure sector. A policy on minor airport development is in the offing to encourage local connectivity and rope-in private investors as airport developers. About half a dozen minor airports in tourism hubs and tier-2 cities have been assigned for private development and land had been earmarked for these projects.

There is a huge growth in Karnataka, which is the preferred investment destination in this sector for components and MRO projects, she said. Karnataka accounts for 75 per cent of the country's aerospace business.

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