Bengaluru is living up to its name as the “Aviation Capital of India,” with the Karnataka government detailing its plans for a dedicated aerospace park near the new Bangalore International Airport at Devanahalli.

Karnataka’s industrial development commissioner, Raj Kumar Khatri, said Feb. 3 that the park should attract aviation giants and small/medium enterprises. “The aerospace park is coming up in a 1,000-acre space,” Khatri says. “We have already acquired land close to 800 acres. We are also proposing 250 acres in the park to create a special economic zone. We would offer incentives to 100 percent dedicated export units.”

He says that the very presence of Bharat Electronics Ltd. (BEL), Bharat Earth Movers Ltd. and Hindustan Aeronautics Ltd. in Bengaluru will provide an ideal breeding ground for the aerospace industry.

The Karnataka government plans to maximize its participation in the Aero India symposium next week. “We have scheduled many meetings with global firms and business delegations to discuss investment plans,” a senior BEL director says. “You cannot have a better place than Bangalore to invest in aerospace and the returns too will be quicker considering the fast-moving market.”

Teams from the U.S., Germany, France, Russia and other countries will explore investment opportunities with Karnataka government officials, including chief minister B.S. Yeddyurappa. Among representatives likely to explore opportunities at the aerospace park are those from Boeing, Honeywell, Raytheon and Gifas of France.