· Manufacturing & Investment · Source: thehindubusinessline.com

Space tech Astrobase to invest ₹500 crore in Karnataka rocket engine facility

Bengaluru-based space-tech firm Astrobase plans to invest Rs 500 crore in a rocket engine manufacturing facility at the Adinarayana Hosahalli Industrial Area, Karnataka, on a 10-acre site. The plant is designed to produce up to 40 rocket engines a year and create over 1,250 jobs. It will support Astrobase’s indigenous “Everest” engine, intended for launch vehicles carrying payloads of eight to 26 tonnes.

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