Aerospace major Collins has inaugurated its Collins India Operations Centre developed by Collins Aerospace within the KIADB Aerospace Park at Devanahalli.
Speaking on the launch, the Chief Minister Siddaramaiah said, “Collins Aerospace is investing $25 million in Karnataka. This new facility will create over 2,000 skilled jobs in research, development, and advanced manufacturing.
Karnataka contributes nearly 65 per cent to India’s aerospace and defence sector. World-class aerospace and defence parks are being established in Bengaluru, Belagavi, Mysuru, Tumakuru, and Chamarajanagar,” he said.
The Chief Minister added that more than 2,000 small and medium enterprises are engaged in the aerospace and defence sectors across the State. Companies such as Mahindra Aerospace and Rangsons have made substantial investments here, and 48 agreements have been signed in this sector.
Rangsons, in partnership with Boeing, is investing ₹2,915 crore. The State aims to attract investments worth ₹45,000 crore and generate around 60,000 jobs over the next five years, he explained.
India’s aviation market is projected to become the third largest in the world by 2032.
Currently, the Maintenance, Repair and Overhaul (MRO) segment handles an annual business of around $1.2 billion, which is expected to grow to $ 4.6 billion in the next seven years.
Companies such as Collins Aerospace will play a significant role in this growth, and the new facility is expected to create a large number of employment opportunities, Industries Minister M B Patil, observed.