Current Affairs - State - Discussion

Karnataka approved the Karnataka Aerospace Policy 2026-31 to promote investment in aerospace technology and manufacturing across the state. The policy provides subsidy assistance to aerospace-related ventures in focus and non-focus areas and aims to strengthen Karnataka’s position as a major aerospace manufacturing destination. The Cabinet also approved incentives for industries investing in backward and most backward taluks, covering sectors such as aerospace, defence, automobiles, electric vehicles, electronics and semiconductors. Other measures include the Shramika Nivas scheme for industrial workers, employment-based incentives, and improvements to taluk hospitals. The policy forms part of Karnataka’s broader strategy to attract industries, create employment and reduce regional imbalances.