India to set up aerospace park with $10 bn investment

Discussion in 'Strategic Forces' started by rahulrds1, Aug 25, 2012.

  1. rahulrds1

    rahulrds1 Regular Member

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    An aerospace park with an investment of $ 10 billion will setup near the Bangalore International Airport. 2,000 acres to DRDO, 1,500 acres to ISRO, 50 acres to National Aeronautics & 2,000 acres of land is being provided to IISc. It will also have a manufacturing zone," , 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.

    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.

    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%.

    source : ww_voicendata.ciol.com/content/news1/112082401.asp
     
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  3. agentperry

    agentperry Senior Member Senior Member

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    well if analogy works here then i guess indian aerospace sector will only grow if domestic market for small air planes grow. just like in automobile. more and more indians and indian companies will enter this field when this sector touches every indian. growth will be gradual but sound.

    i seriously wish that indian aerospace go the way indian automobile sector goes but we need to have lots of rich and atleast new middle class which can afford to ride and own the PERSONAL JETS or small turbo prop to being with
     
  4. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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  5. p2prada

    p2prada Stars and Ambassadors Stars and Ambassadors

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    ...backward cave people.
     
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  6. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

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    Glad to see India following the French aerospace cluster concept. Delegations from Russia, India and China have all been to Aerospace Valley to see how the world's largest aerospace hub gains its success. The key is having proper education in the region to draw skilled workers and researches. Hope India is beefing up its aeronautical engineering and tech programmes around Bangalore.
     
  7. agentperry

    agentperry Senior Member Senior Member

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    i was expecting something like mahindra NM5 or american and european planes like cessna or hondajet
     
  8. Rahul92

    Rahul92 Senior Member Senior Member

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    from where we are gonna pump this amount
     

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