Prime Minister Narendra Modi will on Friday inaugurate American aircraft manufacturer Boeing’s new global engineering and technology centre campus near here, official sources said.

Built at a cost of Rs 1,600 crore, the 43-acre state-of-the-art Boeing India Engineering and Technology Centre (BIETC) campus is the aviation giant’s largest such investment outside the US, they said.

The campus at Hightech Defence and Aerospace Park in Devanahalli on the city outskirts will become a cornerstone for partnerships with the vibrant startups, private and government ecosystem in India, and will help develop next-generation products and services for the global aerospace and defence industry, they said.