No free land, but Karnataka offers up to 50% land subsidy to aerospace, defence investors

Bengaluru: Karnataka has rolled out an incentive-heavy package to attract fresh investments in the aerospace and defence sector, offering investors subsidies on land, capital expenditure and production, along with stamp-duty exemptions, land-conversion fee reimbursement and, for smaller enterprises, a complete exemption from electricity tariff tax for several years. However, the new Karnataka Aerospace & Defence Policy…

40 acres of government land given free for space, electronics park in Hoskote

Bengaluru: Karnataka government has allotted 40 acres of government land in Hoskote taluk of Bengaluru Rural district to the Department of Electronics, Information Technology, Biotechnology and Science & Technology for the development of a proposed space, electronics and related industrial park.’ The order was issued by the Revenue department, represented by Deputy Chief Minister G Parameshwara. The…

German-based firm launches new manufacturing unit in Kolar

Plant Built in Record 18 Months, Spread Over 16,000 Sq. Metres Facility to Manufacture Bottling Equipment for Indian Market Vemagal (Kolara district): Large and Medium Industries Minister M.B. Patil on Wednesday inaugurated a new manufacturing facility for bottling machinery established by Germany-based KRONES, a global leader in beverage and liquid-food processing and packaging technology, at…