The Government of Karnataka and Tata Group companies Air India and Tata Advanced Systems Limited (TASL) signed a memorandum of understanding (MoU) for an investment of ₹2,300 crore, which is expected to create 1,650 direct jobs in the State.
The MoU was signed on February 19 by S. Selvakumar, Principal Secretary, Industries Department, and Nipun Agrawal, Chief Commercial Officer of Air India, and Sukaran Singh, CEO of TASL, in the presence of Chief Minister Siddaramaiah and Large and Medium Industries Minister M.B. Patil at Vidhana Soudha in Bengaluru. As per the MoU, Tata Group will be setting up various manufacturing and R&D facilities in Karnataka.
Mr. Patil said Air India plans to establish an aircraft Maintenance Repair and Overhaul (MRO) facility at Bengaluru airport with an investment of ₹1,300 crore. The unit is expected to employ 1,200 persons.
