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  5. Air India and Tata Advanced Systems to invest ₹2,300 crore in Karnataka

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Air India and Tata Advanced Systems to invest ₹2,300 crore in Karnataka

Upstox
By Upstox News Desk

1 min read | Updated on February 20, 2024, 02:08 IST

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SUMMARY

The plane components maker plans to build manufacturing and research & development facilities in the state. And, India’s second largest airlines by market share will carry out maintenance, repairs, and overhaul of planes at the Bengaluru airport.

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These investments are expected to create around 1,600 jobs directly.

Air India and Tata Advanced Systems plan to invest ₹2,300 crore in Karnataka.

The plane components maker plans to build manufacturing and research and development facilities in the state. And, India’s second largest airlines by market share will carry out maintenance, repairs, and overhaul of planes at the Bengaluru airport.

These investments are expected to create around 1,600 jobs directly and more than 25,000 jobs indirectly in the state.

Earlier, Tata Technologies had announced to invest ₹15,000 crore in Telangana in a bid to expand its presence in the state. The Tata Group also reportedly plans to set up a semiconductor fabrication plant in Gujarat.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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