Economy

Indigenous Production of Aircrafts in the Pipeline: Prabhu

Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation

The Government is in the process of finalising a roadmap to ensure manufacture of aero planes in India in order to ensure growth of country’s aviation sector, Minister of Commerce & Industry and Civil Aviation Suresh Prabhu declared at an event organised by ASSOCHAM in New Delhi.

“Growth of the aviation sector would require at least 1,000 aero planes to be bought by India, if we continue to buy these, over a period of time we would become the largest importer of aero planes. So we are preparing a plan for manufacturing of aircrafts in India and that will have a huge benefit” said Mr Prabhu while addressing the 98th Annual Session of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

The minister further said that government’s twin plan of promoting indigenous manufacturing of aero planes and construction of 100 airports in 15 years at an estimated cost of $65 billion would drive aviation sector’s growth in India.

Urging the industry to embrace new ideas, he declared that the new industrial policy which would be announced soon, is focused on modernisation “Industry should come out with concrete solutions to help government and work together.”

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