Which of the following state has announced Aerospace and Defence Policy 2016 to attract investment into fields of aerospace and defence design, development and manufacturing in the state

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	New Delhi
B	Maharashtra
C	Karnataka
D	Gujarat

Explanation:

Detailed explanation-1: -The Karnataka government announced Monday that its Aerospace and Defence Policy 2022-27 came into effect from August 26. The policy, cleared by the government on August 12, is aimed at attracting more investments and establishing Karnataka as the preferred investment destination for aerospace and defence manufacturing.

Detailed explanation-2: -The Tamil Nadu Aerospace and Defence Industrial Policy, 2022, released by Chief Minister M.K. Stalin in Chennai aims to attract investments to the tune of over ₹75, 000 crore into the State and provide employment to over 1 lakh people over the next 10 years.

Detailed explanation-3: -The ‘Aerospace and Defense Policy 2022-27’ in the state is expected to bring in Rs 45, 000-50, 000 crore within the next 4-5 years. This will lead to more employment generation and the strengthening of research and development.

Detailed explanation-4: -Aiming to attract investment into fields of aerospace and defence design, development and manufacturing in Gujarat, the state government today announced Aerospace and Defence Policy-2016 offering a slew of benefits and incentives for investors.

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