Aerospace manufacturing company Carlton Forge Works (CFW), producer of seamless rolled rings, plans to invest $100-150 million to set up an aerospace centre (forging,tooling and machining)in India in JV with some local partner. The company is, at present, scouting for suitable locations in India, such as Karnataka and Hyderabad, where it can have access to natural gas that is very important to run its business.
The US department of commerce is looking forward to working on defence projects with the Indian government. “It is very important for tier-I and tier-II companies to explore business opportunities in India,” Ms Karen L Zens, Deputy Assistant Secy at the US department of commerce, said during the US Delegation's visit to Bangalore. Karnataka's 1000 Acre A & D Park could offer the opportunity.
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Credit: The Economic Times.