Space technology start-up Astrobase and German agrochemical major Bayer will invest a total estimated 700 INR-Crore to build a manufacturing facility in Bengaluru.
Astrobase will invest an estimated 500 INR-Crore to set up a rockets and launch vehicles manufacturing facility in Adinarayana Hosahalli Industrial Area. It will be located in Bengaluru Rural district. Additionally, the project will span across an anticipated 10 Acres, and will have the capacity to produce 40 rocket engines. Meanwhile, Bayer will invest worth nearly 200 INR-Crore to establish a Global Capability Center (GCC) in Bengaluru.
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Furthermore, Astrobase is developing medium-lift launch vehicles, reusable launch systems and indigenous rocket propulsion technologies. Moreover, Bayer already operates a service and innovation hub in Bengaluru and a crop research center in Chamarajanagar. Both companies have an established presence in the city, and their upcoming projects will add to Bengaluru’s construction pipeline.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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