Aircraft Manufacturing and Financing Is an Area to Develop in Indian Civil Aviation Sector

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The Government is working on a blueprint for the domestic manufacturing of aircraft and also looking at aircraft  financing from within the country, Civil Aviation Minister Suresh Prabhu said.

Speaking to the media at the Global Aviation Summit 2019, organised jointly by the civil aviation ministry, the Airports Authority of India and Ficci, the minister also emphasised on carrying out of maintenance, repair and overhaul (MRO) work domestically.

“We will soon roll out a road map for manufacturing of aircraft in India,” Prabhu said.

Stating that the country needs 2,300 new aircraft to meet the future air travel demand, he said, “We would like to join hands with top players from across the globe.”

The Minister said the Government wants aircraft financing to be done by domestic players.

“We are already working on financing of aircraft and how that should happen from India. We are loosing out lot of resources to outsiders,” Prabhu said.

He further said the Government wants aircraft MRO to happen in the country.

“There are so many planes and the maintenance and repairs  can be done in India,” he said.

Prabhu warned that if MRO work is not carried out in the country then the Government will be loosing out lot of money, besides job opportunities.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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