The Cabinet approved the setting up of a Centre for Excellence in Aerospace and Defence in collaboration with Dassault Systemes, world’s third largest firm in aerospace, and Visvesvaraya Technological University (VTU) at Muddenahalli in Chickballapur distric, Karnataka.

The Dassault Systemes would invest and offer job-oriented courses for students of the country. It would invest around Rs. 40 crore annually.