• About us
  • Contact us
  • Our team
  • Terms of Service
Friday, August 8, 2025
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.

Related posts

PM Modi, senior ministers take oath as members of 18th Lok Sabha

India will never compromise on farmers’ interest, ready to pay heavy price: PM

August 8, 2025

No logic behind Trump’s 50 pc tariff; talks continue with US: MEA official

August 8, 2025

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

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

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

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

© 2024 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

© 2024 Kashmir Images - Designed by GITS.