Bengaluru, July 13 (KNN) Tata Technologies, a subsidiary of the Tata Group has submitted their proposal to the state government to set up three Common Engineering Facilities Centres (CEFCs) to support MSMEs in Karnataka.

The facilities will require an investment of approximately Rs 2,000 crore, according to a report by the Press Trust of India.

As per reports, the representatives of Tata Technologies met with Karnataka’s Large and Medium Industries Minister M.B. Patil at Vidhana Soudha to submit the proposal to set up the CEFCs.

Under the proposed plan, the engineering services company will establish the CEFCs through the Public-Private Partnership (PPP) model. Tata Technologies will own 70 per cent of the stakes, while the Karnataka government will own the remaining 30 per cent.

The Common Engineering Facilities Centres will cater to Advanced Manufacturing 4.0, Electric Vehicle Testing, and Aerospace and Defense, benefiting MSMEs and emerging startups operating in these fields.

At present, Tata Technologies operates in 27 countries across Asia-Pacific, Europe, and North America, providing services in engineering and design, manufacturing, product development, and IT service management to automotive and aerospace original equipment manufacturers, as well as industrial machinery companies.  (KNN Bureau)