• About us
  • Contact us
  • Our team
  • Terms of Service
Tuesday, May 19, 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

RBI discontinues investment fluctuation reserve requirement for banks

India to keep buying Russian oil regardless of US sanctions waivers, says official

PM Modi lands in Sweden; to hold talks on trade, technology, defence

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

RBI discontinues investment fluctuation reserve requirement for banks

RBI holds meeting of Steering Sub Committee of J&K SLBC
May 18, 2026

Mumbai: The Reserve Bank on Monday discontinued the requirement for commercial banks to maintain Investment Fluctuation Reserve (IFR), an additional...

Read moreDetails

India to keep buying Russian oil regardless of US sanctions waivers, says official

Iran Crisis: No immediate oil disruption for India; Russia pivot possible if conflict drags on
May 18, 2026

New Delhi: India has been purchasing Russian oil irrespective of US sanctions waivers and will continue to do so based...

Read moreDetails

PM Modi lands in Sweden; to hold talks on trade, technology, defence

Nation responds to PM’s call for fuel conservation
May 18, 2026

Gothenburg (Sweden): Prime Minister Narendra Modi landed in Sweden on Sunday, where he will hold talks on trade, technology, defence...

Read moreDetails

Space intel giant ICEYE chooses India for first Asia-Pacific satellite manufacturing hub

Space intel giant ICEYE chooses India for first Asia-Pacific satellite manufacturing hub
May 18, 2026

New Delhi:  ICEYE, a global leader in space-based intelligence, is set to establish its first Indian production facility within the...

Read moreDetails

Govt imposes import curbs on silver

Govt imposes import curbs on silver
May 17, 2026

New Delhi: Within days of levying high customs duties on precious metals, the government on Saturday imposed import curbs on...

Read moreDetails

NCB seizes first-ever consignment of Captagon drug worth Rs 182 crore

NCB seizes first-ever consignment of Captagon drug worth Rs 182 crore
May 17, 2026

New Delhi: The Narcotics Control Bureau has busted an international drug syndicate involved in the trafficking of Captagon and seized...

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.