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
Aerospace Defence
Merlinhawk Opens Advanced Composites Facility in Tamil Nadu
Merlinhawk Aerospace and Vega Composites have inaugurated an advanced composites facility at Shoolagiri to support aerospace and defence manufacturing in India.
Read moreAerospace Defence
3 Essential Manufacturing Certifications Required for Aerospace Filtration
Aerospace filtration manufacturers must comply with ISO 9001, AS9100D and Nadcap standards, alongside regulatory requirements such as FAA compliance, to ensure product safety, traceability, process ..
Read moreAerospace Defence
IN-SPACe to Set Up Space Facility in Thoothukudi, Tamil Nadu
Tamil Nadu and IN-SPACe have signed an agreement to establish a space vehicle technical facility at Allikulam in Thoothukudi.
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
