Tata Group to invest Rs 2,300 crore in Karnataka, create 1,650 jobs

Bengaluru, Feb 19 (IANS): Tata Group companies Air India and Tata Advanced Systems Ltd (TASL) are planning to invest Rs 2,300 crore in Karnataka in projects that are expected to create employment for 1,650 people, the state government announced on Monday.

According to the MoU that has been signed, Air India will set up a facility to carry out maintenance, repairs, and overhaul of planes at the Bengaluru airport. The project entails an investment of around Rs 1,300 crore that will generate employment for 1,200 people.

Tata Advanced Systems, which makes doors for European giant Airbus's A320neo planes, will set up manufacturing and research & development facilities in the state. The company will invest in three projects near Bengaluru Airport and in Kolar with a total investment of Rs 1,030 crore. These include a passenger to freighter aircraft conversion facility (Rs 420 crore), gun manufacturing facility (Rs 310 crore) and aerospace & defence research and development in Karnataka (Rs 300 crore). These projects are expected to generate direct employment for 450 people.

Karnataka Chief Minister Siddaramaiah and state Large and Medium Industries Minister M B Patil were among those present at the MoU signing ceremony in this regard here.

Saying such projects require streamlined support from the government in terms of clearances, approvals and interventions, Patil assured support in resolving any challenges pertaining to the grounding of the projects.

S. Selvakumar, Principal Secretary, Karnataka Industries Department and Nipun Agrawal, Chief Commercial Officer of Air India and Sukaran Singh, CEO of TASL exchanged the MoU.

Chief Secretary to Karnataka Government, Rajneesh Goyal; Additional Chief Secretary to Chief Minister L.K. Atiq; Commissioner of Industries Department Gunjan Krishna; Air India top officials Manan Chauhan, Karthikeya Bhat, Atul Shukla, TASL top officials Guru Dattatreya, Arjun Maine, Bangalore International Airport Managing Director Hari Marar, COO Satyaki Raghunath, and CFO Bhaskar Ravindra were present on the occasion.

The Tata's plan for Karnataka comes close on the heels of the group’s announcement of a Rs 15,000 crore investment in Telangana. The Tata Group has also drawn up plans to set up a semiconductor fabrication plant in Gujarat.

Investments flowing into states are on the rise under the Atmanirbhar policy of the Modi government which has increased emphasis on self-reliance under which more collaborations between Indian companies and high-tech foreign firms are taking place. This has also led to more FDI flows into the country.




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Comment on this article

  • KS Mayya, Mangalore/Bangalore

    Wed, Feb 21 2024

    Dear KRPrabhu, Bangalore, Majority jobs should go to those who are competent. It does not matter if they are Kannadiga or not. If Kannadigas can go to other parts of India and world and succeed, why should we put such condition to ensure failure of venture for businesses being set in Karnataka? If the biz fails in Karnataka because of this condition, is it to the credit of Karnataka? Businesses setup in Karnataka should win, Karnataka wins only then. It is called creating a winning ecosystem; and in that ecosystem, Kannadiga wins one way or the other.

    DisAgree Agree Reply Report Abuse

  • Thomas, Udupi

    Tue, Feb 20 2024

    Air India should not be allowed to do any business in the whole of Karnataka. Their Management employees are big thieves. They denied a Cancer Patient to board their aircraft from Bombay to Mangalore to go for treatment in August 2021, and at the same time declared NO SHOW to profit from their evil ways. All due to their poor management and evil Airport employees.

    DisAgree Agree Reply Report Abuse

  • Sunil, Mangalore

    Tue, Feb 20 2024

    The group invested more than 10,000 crore in Tamil Nadu and on 2500 crores in Karnataka.....not fair though

    DisAgree Agree Reply Report Abuse


    Tue, Feb 20 2024

    Big investments and companies should be moved away from Bengaluru ....large real estate is blocked and meant for affordable housing ....industrial towns near kolar tumkur chitradurga hosur with good metro connectivity should be the model ..anything above 25 acres should be outside 50kms radius ....

    DisAgree [2] Agree [1] Reply Report Abuse

  • M.Mathias, Mangalore

    Mon, Feb 19 2024

    Bangalore is safe for investors. But Mangalore is not safe for investors because of bajaranga dal, RSS and BJP.

    DisAgree [3] Agree [23] Reply Report Abuse

  • Jossey Saldanha, Raheja Waterfront

    Mon, Feb 19 2024

    What happened to Modi's 2 Crore promised Jobs ...

    DisAgree [1] Agree [18] Reply Report Abuse

  • Don, Mangalore

    Tue, Feb 20 2024

    They all have found good paying jobs within the "Sangh Parivar", their main job is to go around the country raising slogans "Jai, Jai S******m"

    DisAgree Agree [2] Reply Report Abuse

  • KRPrabhu, Bangalore

    Mon, Feb 19 2024

    Majority jobs should go the Kannadigas....

    DisAgree [2] Agree [23] Reply Report Abuse

  • Steve, Mangalore

    Mon, Feb 19 2024

    Tata Group to invest Rs 2,300 crore in Karnataka.. This has to be corrected its not Karnataka its only Bangalore. all the Projects and billions of money only goes to Bangalore. I think our politicians forgot that Bangalore is not not a State its a capital city. We have more then 28 Districts in Karnataka and always all new companies are going to Bangalore what about other districts? Dont make karnataka next Telangana and Andra.

    DisAgree [1] Agree [18] Reply Report Abuse

  • real kujuma, kodial

    Mon, Feb 19 2024

    bahu paraaak Satya devathe...badavara bandhu..Lord Siddaraya....leaders like you are rare to find in today's third rated political scenario of our country and especially our state...this is the living proof that you are working for the welfare of the state...while the 25 KOLEBASAVA MPs of blue j pigs are good for nothing.

    DisAgree [30] Agree [30] Reply Report Abuse

  • Ravindra, Mangalore

    Mon, Feb 19 2024

    Fake Kujuma, We do pray that third rate person like you should move to our neighbouring country where you will definitely get the first rate treatment. People like you deserve the same. There is no place for such criminal minded person like you in this country

    DisAgree [11] Agree [7] Reply Report Abuse

  • Sahil, Koppa

    Mon, Feb 19 2024

    Means ur accepting that u r third grade that's why hurt 😂

    DisAgree [1] Agree [5] Reply Report Abuse

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