<span style="color: #222222;">Karnataka has benefitted from the Aero India show that concluded yesterday in Bengaluru. The State Government signed Memorandum of Understanding with 34 Aerospace and Defence firms with an investment prospect of 2464 crore rupees that can generate 6462 direct employment opportunities.<br />''</span><br />'' <span style="color: #222222;">The minister for Large and Medium Industries Jagadish Shetter  informed that the agreements signed during the Aero India Show will encourage aerospace and defence equipment manufacturers to set up bases in the state. He said Karnataka has a vibrant aerospace and defence sector manufacturing ecosystem contributing over 65 percent of defence and aerospace exports in the country.<br />'' </span><br />'' <span style="color: #222222;">A quarter of India's aircraft and spacecraft industry is based in the state. The presence of HAL, BEML, BHEL, NAL, DRDO, ADA and ISRO has heralded the aerospace activities in Bengaluru. The minister said that the state Industrial policy of 2020-25 provides several incentives and regulatory reforms related to land access and labour market regulations.</span><br />