Thursday, June 7, 2012

HAL to Invest Rs. 600 Crores for New Production Unit

Posted by- Neelam Mathews

June 7, 2012

Bangalore, June 7, 2012: Hindustan Aeronautics Limited (HAL) plans to invest around Rs. 600 Crores to establish a unit for manufacture of ‘New Fighter Aircraft’ and `Engine Production’ at Chellaghatta, adjacent to HAL Airport in Bangalore. The Karnataka Government has agreed to support the growth and expansion of HAL in Karnataka.

The Memorandum of Understanding was signed between HAL and the Government of Karnataka here today at the Global Investors’ Meet.

“The new unit requires access to runway. It is a time bound program to establish the infrastructure, production facilities and supply of the Aircraft”, says R.K. Tyagi, Chairman,  HAL.  The Company has around 40 acres of land at Chellaghatta. A new Division for Aircraft assembly and testing and another new Division for Engine assembly and
testing are proposed for the new fighter Aircraft program.

The production facility has a potential to create direct employment for around 1200 personnel. Another 3600 jobs are expected to be created because of logistics, services and outsourcing activities.

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