Karnataka clears Gopalan Aerospace investment proposal
16 November 2020
The Karnataka government has approved Rs 438 crore investment proposal by Gopalan Aerospace, a precision engineering company, to start a manufacturing facility of aerospace components in Chikkaballapura, around 60 km from Bengaluru.
The state government has tasked the Karnataka Industrial Area Development Board (KIADB) to allot 40 acre of land parcel to the company at Mastenahalli Industrial Area.
The project is expected to generate 1,000 new job opportunities. The company is in the pipeline of getting the order.
The company expects to complete setting up the unit by the end of 2021 and start production soon after.
Under its new Industrial Policy, the state aims to boost manufacturing in the state. The state government is also targeting sector-specific investments in areas such as information technology, aerospace, biotechnology, electronics, among others.