Our Terms & Conditions | Our Privacy Policy
India set to boost aircraft manufacturing, government to collaborate with HAL and NAL – Airlines/Aviation News
Civil Aviation Minister K Rammohan Naidu on Monday (October 21) announced that the government aims to develop aircraft design and manufacturing capabilities in India, collaborating with industry leaders.
The Bhartiya Vayuyan Vidheyak Bill 2024, passed by the Lok Sabha in August, includes provisions to regulate aircraft design and manufacturing, aligning with the Aatmanirbhar Bharat initiative.
“We want to design and manufacture planes in India. We are taking help from HAL (Hindustan Aeronautics Ltd) and NAL (National Aerospace Laboratories) and other industry partners we have,” Naidu stated.
Stocks To Watch: Reliance Industries, HCL Technologies, Angel One, Sunteck Realty, Garuda Construction and Engineering, PVR Inox
Two IndiGo planes operating from Mumbai to Muscat, Jeddah receive bomb threat; security checks underway
Stocks To Watch: Reliance Industries, Avenue Supermarts, HAL, Bajaj Housing Finance, HCL Technologies, Ashoka Buildcon, JSW Energy
Nissan will launch an affordable EV SUV in India by 2026, aiming to price it competitively with ICE cars
“In the foreseeable future, we want to also have a situation where we manufacture planes not for domestic demand only but also for the demand of the entire world… we are going to move towards it,” the minister said.
India becoming key market for aviation manufacturers
Currently, HAL is producing small civilian planes on a limited scale. As India continues to be one of the fastest-growing aviation markets, with over 1,200 planes on order, the country is becoming a key market for manufacturers like Boeing and Airbus.
Naidu also mentioned that the government plans to establish a special purpose vehicle (SPV) to accelerate domestic commercial aircraft production.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Comments are closed.