Major Shaitan Singh
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NEW DELHI--India's ambition to build its own passenger planes received a boost after the government gave the go-ahead for a project to develop initially a 70-100 seat aircraft.
The plan, approved at a high-level committee meeting on manufacturing headed by Prime Minister Manmohan Singh and comprising ministers and government officials, will include the setting up of a special company that would utilize the design skills of the National Aerospace Laboratories, Hindustan Aeronautics Ltd. and other state-run organizations.
"This [the civilian passenger aircraft industry] is a strategic sector where there is a need to have a presence in the long term, particularly in view of the rapid growth of our aviation sector," a statement issued late Tuesday by the Prime Minister's office said, adding that a group headed by V. Krishnamurthy, chairman of the National Manufacturing Competitiveness Council would work out the modalities of this program.
Offsets in India's defense sector would also be leveraged to build high-precision equipment and avionics for the passenger aircraft project. Under the Indian government's so-called offset policy, companies that received Indian defense contracts exceeding 3.0 billion rupees ($50 million) need to either locally manufacture the products or parts worth 30% of the contract's value, or make an equivalent investment in the country.
India Government OKs Plan to Build Passenger Aircraft
The plan, approved at a high-level committee meeting on manufacturing headed by Prime Minister Manmohan Singh and comprising ministers and government officials, will include the setting up of a special company that would utilize the design skills of the National Aerospace Laboratories, Hindustan Aeronautics Ltd. and other state-run organizations.
"This [the civilian passenger aircraft industry] is a strategic sector where there is a need to have a presence in the long term, particularly in view of the rapid growth of our aviation sector," a statement issued late Tuesday by the Prime Minister's office said, adding that a group headed by V. Krishnamurthy, chairman of the National Manufacturing Competitiveness Council would work out the modalities of this program.
Offsets in India's defense sector would also be leveraged to build high-precision equipment and avionics for the passenger aircraft project. Under the Indian government's so-called offset policy, companies that received Indian defense contracts exceeding 3.0 billion rupees ($50 million) need to either locally manufacture the products or parts worth 30% of the contract's value, or make an equivalent investment in the country.
India Government OKs Plan to Build Passenger Aircraft