Union Civil Minister Advocates Domestic Manufacturing of Aircrafts

Union Civil Aviation Minister K Rammohan Naidu announced on Wednesday that the government is planning to establish a special purpose vehicle (SPV) to drive aircraft manufacturing efforts in India. Speaking at a conference in the national capital, Naidu highlighted that the civil aviation ministry is working towards initiating aircraft manufacturing activities in the country within the next five years.

The announcement was made at a conference organized by the PHD Chamber of Commerce and Industry, where Naidu emphasized the government’s commitment to advancing this significant initiative aimed at boosting India's aerospace sector.

Naidu said that the plan is still in the early stages and the details will be shared once there is something more concrete. Outlining the broad objective of the exercise, the minister said that the planned SPV will seek to address critical questions, concerns, and opportunities around developing a robust aircraft manufacturing ecosystem in India, and chalk out an actionable plan. The expected timeline for the proposed SPV to do the groundwork and work on the aircraft manufacturing plan is five years, Naidu added.