Karnataka Cabinet has approved a new Aerospace Policy 2026-2031 targeting ₹60,000 crore investment over five years, with a steep hike in capital subsidy from ~2% to 25-30% based on zones. Alongside, a Textile & Apparel Policy (including silk) with ₹20,000 crore target and a Start-Up Policy were cleared, along with a drone testing facility, an AI hub, and an International Arbitration Centre. These decisions signal a major push for industrial diversification and state-level ease of doing business.
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- ›Aerospace Policy Period: 2026-2031
- ›Expected Investment (Aerospace): ₹60,000 crore
- ›Target this Data: ₹60,000 crore investment target for Aerospace Policy 2026-2031; Capital subsidy: 30% in Zone 1, 25% in Zone 3
- ›Target this Nodal Body: Karnataka Cabinet (state-level decision); Deputy Chief Minister G. Parameshwara made the announcement
- ›Target this Legal Point: The policies are for 2026-2031 (Aerospace, Textile) and 2026-2030 (Start-Up)
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