Schedule a Call Back
Aviation Minister Naidu aims to establish aircraft manufacturing in India
Industry News- Aug 19,24
Currently, Boeing and Airbus dominate the global aircraft manufacturing industry, with market shares of over 40% and 60%, respectively.
Aviation Minister Kinjarapu Ram Mohan Naidu announced plans to establish aircraft manufacturing in India, encouraging major global players like Boeing and Airbus to set up factories for spare parts and components within the country. Naidu emphasised the broader benefits of this move, noting that when companies start manufacturing locally, it often leads to the development of related industries and the formation of industrial clusters, creating a "win-win situation for everyone."
Currently, Boeing and Airbus dominate the global aircraft manufacturing industry, with market shares of over 40% and 60%, respectively. Indian airlines, including Air India, IndiGo, and Akasa, have more than 1,100 aircraft on order from these two manufacturers.
Naidu highlighted his ministry’s focus on creating the right policies and addressing existing gaps to pave the way for domestic aircraft production. While he did not specify a timeline for when India would start manufacturing planes, he stressed that domestic companies are his first choice for this ambitious initiative. However, he is also open to forming partnerships with global players to achieve this goal.
(TNIE)
Related Stories
Electrical & Electronics
Exxelia SVM Site Achieves AS9100D and ISO 9001 Certification
Exxelia’s SVM facility in Chennai secures AS9100D and ISO 9001:2015 certification, reinforcing its capability to deliver high-reliability busbars for aerospace and industrial applications.
Read moreMachine Tools & Accessories
INDEX Opens Technology Centre and Branch in Bengaluru Aerospace Park
INDEX Group has inaugurated a new branch and Technology Centre in Bengaluru to strengthen customer support, accelerate service response, and expand manufacturing solutions for India’s growing indu..
Read moreMachine Tools & Accessories
Studer Strengthens Global Position Amid Challenging 2025 Markets
Despite geopolitical headwinds, Studer expanded market share, launched key innovations, set service records and expects continued growth in 2026.
Read moreRelated Products
Troop Comforts revolutionises military gear with indigenous innovations
Aerospace & Defence
Troop Comforts Ltd (TCL), a state-owned defence corporation, has recently received a request for proposal (RFP) from the Northern Command of the Indian Army for its indigenously developed military gea Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
