Eaton Industrial Products Pvt Ltd has decided to set up its first aerospace division at the Bangalore Aerospace Park with an investment of Rs 50.50 crore. The company, a part of the $20 billion US-based power management firm, has decided this close on the heels of Boeing’s decision to set up an electronics manufacturing and avionics assembly facility at the same area. Boeing is expected to make an investment of Rs 11.52 billion. Quoting sources in Karnataka government said, “The state government’s single window clearance committee at its meeting held on 1st August discussed the investment proposal and cleared it.” The facility of Eaton will come up at the Devanahalli Aerospace Park. The company has acquired a total land parcel of 2.75 acres and expected to generate direct employment of about 109 persons.
Source: http://bizshorts.in/
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