Dubai Expo: Karnataka Minister appeal companies to invest in Aerospace and Defence sectors in state

Karnataka Large and Medium Industries Minister Murugesh Nirani urged companies to invest in the Aerospace and Defence sectors in Karnataka. The minister addressed Dubai Expo 2020 on Sunday and delivered a session on “Opportunities in Aerospace, Defence and Space Sector of Karnataka”.

Dubai:Seeking to highlight its dominant position in the aerospace and defence sector, the Karnataka government made a strong pitch for more foreign investments in these sectors at World Dubai Expo 2020 here.

Delivering a keynote address during the Session on “Opportunities in Aerospace, Defence and Space Sector of Karnataka” at Dubai Expo 2020 here on Sunday the Large and Medium Industries Minister Murugesh Nirani said the state has great potential in these sectors.

“Karnataka, apart from being India’s largest Aerospace cluster, is also the second-largest producer of Heavy Electrical machinery in India. Bengaluru alone produces around 60% of machine tools in India. Our State is also the second-largest chip design hub in the country. We have set up a Center of Excellence in partnership with Dassault Systems to provide industry-ready manpower,” Nirani said.

Highlighting the thriving small-scale industries many of which are auxiliary to the aerospace and defence sector, minister Nirani said the state is providing a support system to push these sectors. “Karnataka has a strong base of around 2000 SMEs that carry out niche sub-contracting work in the Aerospace & Defence sector. Therefore, the well-developed support system for the sector has further facilitated the expansion of this industry while also attracting the global players to set up their base in our state,” Nirani added.

The minister lauded the Dubai Expo 2020 for providing a forum for states, business leaders and other stakeholders to meet, interact and collaborate. “I am confident that the dialogues and exchange of ideas that started on this platform will continue and translate into wonderful results for us to witness. I am positive that the upcoming Indian start-ups will learn from the experiences of the seasoned players and use their journey as the guiding path for their decisions in the future,” Nirani expressed.

Earlier in the day held a series of Business to Government (B2G) meetings with the business delegations of top companies at Karnataka Pavilion in Dubai Expo 2020 here. The minister, who is keen to make most of the event in his packed schedule, wooed the business leaders to make investments in Karnataka by briefing about the business ecosystem and excellent opportunities in the state.

The minister held a Business to Government (B2G) meeting with United Parcel Service (UPS) company delegation headed by Rachid Fergati, Managing Director, Middle East and Indian Subcontinent, Christina Struller, Vice President public policy. UPS is one of the world’s largest package delivery companies and a premier provider of global supply chain solutions.

Murugesh Nirani also held talks with Dawood Al Shezawi, President, Annual Investment Meeting (AIM). Walid Farghal, Director General, AIM and others were present. The AIM is an initiative of the UAE Ministry of Economy designed to provide a framework for global exchange on the key principles underpinning international investment policies, strategies and practices for sustainable development to achieve smart and inclusive global growth.

Minister Nirani held B2G meeting with a delegation of Lulu Group, a highly diversified conglomerate with successful business entities in strategic locations worldwide. Salim M.A., Director, Ashraf Ali M.A, Executive Director & Ananth A.V., Director, India & Oman attended the meeting. LuLu Group mainly operates in 22 countries located across the Middle East, Asia, U.S, and Europe. The group responded positively to minister Nirani’s suggestions to set up Lulu markets across Karnataka.

Murugesh Nirani later held a B2G meeting with the Export Bahrain delegation headed by Safa Abdul Khaliq, Chief Executive Officer; Ali Ahmed, Planning & Marketing Intelligence Manager, Fatima, Development Manager were also part of the delegation. Export Bahrain is the Kingdom’s first dedicated platform and the national export development and internationalization support arm of Bahrain that was launched in 2018.

The minister also held a meeting with MChandan Ghatak, CFO, Taghleef Industries. It is one of the largest global manufacturers of BoPP films used for food packaging, & various types of label films with $800 mn in revenues.

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