Govt to work on designing, manufacturing planes in India, says Naidu

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The government will work towards designing and manufacturing aircraft in India with the help of the industry players, Civil Aviation Minister K Rammohan Naidu said on Monday.

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.

"In the foreseeable future, we want to also have a situation where we manufacture planes not for domestic demand only but also for the demand of the entire world...we are going to move towards it," the minister said.

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Category: BusinessFinance

Markets: India

Topics: Global airline industry Civil aviation minister Indian aviation Airline industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 17:47:45 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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