Spain (Europe) to set up its base in the upcoming aerospace park at Bangalore

The European nation is keen on a presence in Bangalore as it views the city as a research and development hub in aerospace technology in India

One of the biggies in the aerospace industry, Spain, is looking at setting up a base in the IT city. It is eyeing the upcoming aerospace park next to Bengaluru International Airport (BIA) at Devanahalli.

The state-of-the-art 985-acre facility is being developed by the state industries and commerce department. It also has a 252-acre Special Economic Zone in its premises.

The aerospace park has already got investors and project proposals from HAL, Jupiter Aviation, Dynamic Technologies, Centum Electronics, AMADA, BEML, Wipro, Tyco and Aero Electronics Private Limited.

 Surbhi Sharma, honorary consul of Spain, told Bangalore Mirror, “With Bangalore being the centre of R&D in aerospace, Spanish companies’ priority would be to set up a base here. Spain is in the forefront in aerospace industry and its first choice of investment in aerospace sector would be Bangalore.’’

 Bangalore Aerospace Park is targeting investments up to $5 billion dollars spread over the next nine years. The Karnataka government is banking big-time on this mega-project as the aerospace industry is the highest employment multiplier. “Spain is an important part of Airbus manufacturing process and also a strong EADS player”.