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India's Civil Aviation Minister plans to establish an SPV for domestic aircraft manufacturing within five years, aiming for global aviation hub status.
India's Civil Aviation Minister, K Rammohan Naidu, announced plans to create a special purpose vehicle (SPV) to boost domestic aircraft manufacturing, aiming for production to start within five years.
This initiative seeks to position India as a global aviation hub and exporter.
The government is also reforming policies, including a uniform 5% tax rate on aircraft parts, and emphasizes the potential growth of the Maintenance, Repair, and Overhaul (MRO) sector.
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El Ministro de Aviación Civil de la India tiene previsto establecer un SPV para la fabricación nacional de aeronaves en un plazo de cinco años, con el objetivo de obtener el estatuto de centro mundial de aviación.