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Karnataka to set up aerospace park with $10 bn investment, M N Vidyashankar

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VoicenData Bureau
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Bengaluru will be the India's first and biggest aerospace industry hub in next five years. Karnataka government will set up an aerospace park with an investment of $ 10 billion near the Bangalore International Airport, announced M N Vidyashankar, IAS, the Karnataka state's Principal Secretary for Industries and Commerce while inaugurating the two-day BICSI India Annual Conference in Bengaluru on August 23rd, 2012.

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He said the state will announce Aerospace Policy, the first such policy from any state in India within a fortnight. "Karnataka will have the World's biggest knowledge hub in Chitraduga - 2,000 acres of land is being provided to IISc, 1,500 acres to ISRO, 2,000 acres to DRDO, and 50 acres to National Aeronautics in Chitradurga. It will also have a manufactruing zone," said M N Vidyashankar.

To leverage the technology value chain, India must focus on Intellectual Property, R&D, manufacturing and applications. He said the contribution of GDP from manufacuturing should increase to 25% from 10%. India has to create ecosystem within the country for value generation and extraction. He opined that three pillars namely technology, government and academia should collaborate and this would create huge opportunities.

Dr Alok Bharadwaj, President, MAIT said at the current rate of technology growth, India will have to be a $ 400 billion net consumer of IT hardware and technology by 2020 as compared to $ 50 billion today. This also implies that there is $ 400 billion opportunitites. The challenge is to convert this into a value chain. To leverage the technology value chain, India must focus on Intellectual Property, R&D, manufacturing and applications.

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He also pointed out, the contribution of GDP from manufacuturing should increase to 25% from 10%. India has to create ecosystem within the country for value generation and extraction. He opined that three pillars namely technology, government and academia should collaborate and this would create huge opportunities.

“IEEE is weighing the next data transmission speed options of 400 Gigabit per second and Terabit per second. And most interestingly, the Terabit Ethernet technology is based on a proposal from two companies -- Google and Facebook --who think it is very necessary. However the next speed hike will make sense only if the cost per gigabit come down”, said BICSI India District Chairman Dileep Kumar in his opening remarks.

In the inaugural address, Pravin Prashant, Editor, Voice & Data magazine mentioned that IT has grown by 18%, exports have increased by 22-29% but the domestic IT industry has slipped down. He pointed out that the government should support the industry in uncertain business environment.

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