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

Q: How long will it take to read this news story?

The story "Govt to set up SPV to push for aircraft manufacturing in India: Naidu" has 336 words across 11 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Govt to set up SPV to push for aircraft manufacturing in India: Naidu" was covered 4 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 348 news stories per day. It's most recent story was published 4 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22368879</li><li>URL: https://beamstart.com/news/govt-to-set-up-spv-17254742048795</li></ul>

Business Standard Logo Business Standard 4h ago

Govt to set up SPV to push for aircraft manufacturing in India: Naidu - Business Standard

Quick Summary:

The government will set up a special purpose vehicle to push ahead with plans to start manufacturing commercial aircraft in India, Civil Aviation Minister K Rammohan Naidu said on Wednesday as he highlighted the potential of the country's fast-growing aviation sector.

"The government is strongly pushing the idea of India manufacturing its own planes," Naidu said, adding that a special purpose vehicle will be set up with industry stakeholders and others.

The Bhartiya Vayuyan Vidheyak Bill 2024, which was passed by the Lok Sabha in August, includes provisions to regulate the design and manufacturing of aircraft, supporting the Aatmanirbhar Bharat initiative for self-reliance.