• About us
  • Contact us
  • Our team
  • Terms of Service
Sunday, April 5, 2026
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Govt to set up SPV for manufacturing aircraft in India: Union Minister Naidu

Press Trust of india by Press Trust of india
March 10, 2025
in BUSINESS
A A
0
FacebookTwitterWhatsapp

New Delhi:  The government is in the process of setting a special purpose vehicle for making regional transport aircraft, Civil Aviation Minister K Rammohan Naidu said on Monday as he asserted that necessary policies are in place for India to manufacture planes and its components.

Replying to questions in the Rajya Sabha, the minister highlighted the steps taken by the government to promote aircraft component manufacturing and MRO (Maintenance, Repair and Overhaul) activities, including having a uniform IGST rate.

More News

India OMCs to pay discounted rates to refiners amid fuel price freeze

Economists see RBI holding rates in April policy review on inflation fears amid West Asia crisis

India LPG flows continue as tanker crosses Hormuz, Iranian cargo reaches Mangalore

Load More

India is one of the world’s fastest growing civil aviation markets and domestic carriers have placed orders for more than 1,500 planes as they expand their fleets to meet rising air traffic demand.

“We have changed the thought process that we have when it comes to manufacturing of aircraft. We are saying that India is at the stage right now where we can manufacture, we can design and we can maintain an aircraft,” Naidu said.

Elaborating about the way forward, the minister said the government has adopted a holistic approach and is in the process of setting a Special Purpose Vehicle (SPV) for manufacturing regional transport aircraft.

“We have a plan to create an SPV for five years, which is going to bring in all the necessary stakeholders… study the existing picture in the country and create a road map…,” he said and added that the idea is to make the aircraft in five years.

As the government pushes ahead with the Make In India initiatives, the TDP leader also emphasised that states are the key players.

While stressing that skilling is also important, Naidu mentioned that there are 38 working FTOs (Flying Training Organisations) and the focus is to create an ecosystem for manufacturing aircraft components.

In a written reply, Naidu said the development of the indigenous 19-seater Light Transport Aircraft Saras Mk2 is under progress at CSIR-NAL.

“The Saras Mk2 initiative has a collaboration and partnership with HAL. The aircraft has significant indigenous components and technologies like advanced composite wing, composite and light weight material airframe, avionics, display and communication system,” he added.

Further, the minister said the production and manufacturing activities of aircraft with its indigenous content are envisaged to promote indigenous civil aircraft component manufacturing in the country.

Previous Post

Gadkari asks industry not to demand tax cuts perennially as govt needs funds for welfare plans

Next Post

Russia expels 2 British diplomats from embassy in Moscow over espionage claims

Press Trust of india

Press Trust of india

Related Posts

India OMCs to pay discounted rates to refiners amid fuel price freeze

Iran Crisis: No immediate oil disruption for India; Russia pivot possible if conflict drags on
April 5, 2026

New Delhi: In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price...

Read moreDetails

Economists see RBI holding rates in April policy review on inflation fears amid West Asia crisis

RBI holds meeting of Steering Sub Committee of J&K SLBC
April 5, 2026

Mumbai:  The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the...

Read moreDetails

India LPG flows continue as tanker crosses Hormuz, Iranian cargo reaches Mangalore

Niti Aayog working on proposal ‘to replace LPG subsidy with cooking subsidy’
April 4, 2026

New Delhi:  An Indian LPG tanker carrying roughly half a day's cooking gas supply has successfully crossed the war-hit Strait...

Read moreDetails

Govt urges no panic buying, says fuel supplies adequate despite Hormuz disruption

Legal Metrology penalizes Petrol Pumps for short delivery
April 4, 2026

 New Delhi:  The government on Saturday urged citizens to avoid panic buying of petrol, diesel and LPG, saying fuel supplies...

Read moreDetails

Russia offers to scale up crude oil, LNG supplies to India amid West Asia crisis

Russia to build up strategic partnership with India: Foreign policy update
April 3, 2026

New Delhi: With the West Asia crisis continuing to drive volatility in the global energy market, Russia has offered to...

Read moreDetails

IndianOil says LPG supply stable, warns against panic booking amid global tensions

IOC invites application for retail outlet dealership
April 3, 2026

New Delhi:  Indian Oil Corporation (IOC), the nation's biggest oil firm, on Friday said liquefied petroleum gas (LPG) supply in...

Read moreDetails
Next Post
Russia expels 2 British diplomats from embassy in Moscow over espionage claims

Russia expels 2 British diplomats from embassy in Moscow over espionage claims

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2025 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2025 Kashmir Images - Designed by GITS.