AxisCades Aerospace keen to invest Rs 6,000 Crore: Karnataka Minister MB Patil
Bengaluru, May 20 -- Bengaluru-based aerospace and defence company AxisCades Aerospace Infrastructure Private Limited is set to invest Rs 6,000 crore in Karnataka, Industries Minister MB Patil said.
According to the release, the minister shared the information after detailed discussions held with senior officials of the company at Khanija Bhavan on Wednesday.
"The primary objective of AxisCades Aerospace is to establish an integrated hub across 200 acres for manufacturing, testing, and maintenance in aerospace, defence, semiconductor, and Artificial Intelligence (AI) innovation sectors. The company also plans to set up a domestic research and development centre under global partnerships," the minister said.
"The company will invest a t...
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