Friday, July 11, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Contract

Planned: Roadmap for aircraft manufacturing

Fiinews by Fiinews
October 19, 2018
in Contract, Investment, Manufacturing, Technology
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

New industrial policy soon, says Prabhu

 

The Government is preparing a roadmap to promote manufacturing of aeroplanes in India to ensure growth of country’s aviation sector, Civil Aviation Minister Suresh Prabhu said at an ASSOCHAM event.

“The growth in aviation would need at least 1,000 aeroplanes to be brought by India, but if we just continue to buy it, over a period of time we will result into becoming the largest importer of aeroplanes,” said Prabhu while addressing the 98th Annual Session of The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on 16 Oct 2018 in New Delhi.

He added, “So we are preparing a plan for manufacturing of aircrafts in India and that will have a huge benefit.”

The minister further said that government’s twin plan of promoting indigenous manufacturing of aeroplanes and construction of 100 airports in 15 years at an estimated cost of US$65 billion would drive aviation sector’s growth in India.

Urging the industry to embrace new ideas, he informed that the new industrial policy, to be announced soon, is focused on modernising the present industry and embracing the newer industry which is going to be the cause of future growth. “Industry should come out with concrete solutions to help government and work together.”

Stating that no country in the world can benefit if global trade declines, the union minister said that while a slowing world economy is a cause of concern for all countries, it is particularly so for a country like India which has got the potential to become US$10 trillion economy before 2035.

“India is the worst sufferer if the world trade does not grow because we have a huge stake, our share in global trade is increasing and in fact we are at a stage where-in more global growth will come from more production within the country,” said Prabhu.

He disclosed: “I have set up some top thinkers to navigate India out of these new emerging trends and how do we become winners despite these challenges.”

Prabhu also informed that his ministry was working on improving business atmosphere in India through initiatives like promoting ease of doing business at district level.

Besides, he said, India’s integration with international trade is very critical to grow at a faster rate.

“We have to ensure that India will continue to be on forefront of growth, not only for helping our people but also contribute to global growth, so one country growing also helps other countries as a co-beneficiary,” he said. fiinews.com

Tags: Ministry of Civil AviationSuresh Prabhu
ShareTweetShare

Related Posts

Ansrsource With Tagline
Technology

Tech: ansrsource-ANSR reshape talent across India

by Fiinews
July 11, 2025
0
18

Ahuja to help clients achieve unprecedented levels of operational excellence Austin’s ansrsource has formed a strategic partnership with ANSR, the...

Infogain
Infogain

Tech: Infogain launches GCC solutions in India

by Fiinews
July 11, 2025
0
18

GCC solutions for AI-driven talent, infrastructure and processes Infogain, a leader in digital customer experience engineering based in Silicon Valley,...

IVCA

Invest: India requires $150-$200bn for renewables

July 10, 2025
25
Synergy Quantum

Tech: Partners work on India’s first space infra

July 10, 2025
13
Veeda Lifesciences Logo

Invest: Veeda to leverage Mango AI capabilities

July 9, 2025
12
PIB

Tech: Every Indian stakeholder in bioeconomy

July 9, 2025
23
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Japanese delegation inspects DMIC progress
  • Project: Mindset change is critical for innovation
  • Project: 4,000% in installed solar capacity
  • Project: EV policies part of climate goals
  • Tech: ansrsource-ANSR reshape talent across India

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.