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Seattle-based commercial aircraft maker Boeing will invest ₹1,152 crore to set up an engineering and technology facility here. The Karnataka government has cleared the project, which will create 2,300 jobs, sources told BusinessLine .
The State’s High Level Clearance Committee, at a meeting chaired by Chief Minister Siddaramaiah, cleared the proposal on Monday.
The Boeing facility will come up on about 36 acres of KIADB (Karnataka Industrial Areas Development Board) land at Aerospace Park. The company is planning to build its new facility for engineering and technology with electronics/avionics manufacturing and assembly.
In July, Boeing had said it expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years which, according to the plane maker, is the highest-ever forecast for the country.
It also said it expects single-aisle planes like the next generation 737 and 737 Max to account for most of the deliveries. “The increasing number of passengers, combined with a strong exchange rate, low fuel prices and high load factor bodes well for India’s aviation market, especially for the low-cost carriers,” Dinesh Keskar, Senior Vice-President, Asia Pacific and India Sales at Boeing Commercial Airplanes, had said.
More projects cleared
The Karnataka clearance committee today cleared four projects totalling ₹3,427 crore, including that of Boeing. The project are together seen creating 2,595 jobs.
CDC Development India’s proposal to build a Technology Innovation International Park on 100 acres of KIADB land, at an investment of ₹740 crore, was also cleared.
Also cleared was the Coast Guard’s ₹1,010-crore project to build the Indian Coast Guard Training Centre (ICGTC) on 160 acres of KIADB land in Baikampady, Dakshina Kannada district.
Universal Builders’ ₹525-crore affordable housing project was also cleared by the State government.
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