India to manufacture its own aircraft
New Delhi, March 10,2025.The Indian government is setting up a Special Purpose Vehicle (SPV) to manufacture regional transport aircraft, Civil Aviation Minister K. Rammohan Naidu announced on Monday. He emphasised that India now has the necessary policies to build aircraft and its components.Responding to questions in the Rajya Sabha, Naidu highlighted various government initiatives to promote aircraft component manufacturing and Maintenance, Repair, and Overhaul (MRO) activities. A uniform Integrated Goods and Services Tax (IGST) rate has been introduced to facilitate growth in this sector.As one of the world’s fastest-growing civil aviation markets, India’s domestic airlines have placed orders for over 1,500 aircraft. This expansion aligns with the increasing demand for air t...