Special Purpose Vehicle for Aircraft Manufacturing in India

On 4th September, 2024, Union Civil Aviation Minister announced plans to initiate aircraft manufacturing in India within the next five years.

Key Points

Efforts to Boost Domestic Manufacturing: The government is focused on setting up a special purpose vehicle (SPV) to accelerate aircraft manufacturing activities.
Civil Aviation Market Growth: India is one of the fastest-growing civil aviation markets, prompting efforts to establish domestic production capabilities.
Five-Year Target: The aim is to launch aircraft manufacturing operations in India within five years.