Task-force on local manufacturing of civilian planes soon: Suresh Prabhu

By: |
Mumbai | April 27, 2018 11:16 PM

Addressing an economic summit organised at the BSE here this evening, Prabhu, who is also the minister for commerce and industry, also said the government will come out with a new cargo policy to spur the sector.

The civil aviation ministry is in the process of setting up a task-force to prepare a road-map for manufacturing of passenger aircraft in the country, minister Suresh Prabhu saidThe civil aviation ministry is in the process of setting up a task-force to prepare a road-map for manufacturing of passenger aircraft in the country, minister Suresh Prabhu said

The civil aviation ministry is in the process of setting up a task-force to prepare a road-map for manufacturing of passenger aircraft in the country, minister Suresh Prabhu said today. Addressing an economic summit organised at the BSE here this evening, Prabhu, who is also the minister for commerce and industry, also said the government will come out with a new cargo policy to spur the sector. “We are in the process of setting up a task-force to prepare a road-map for making aircraft in the country,” Prabhu told the summit as the domestic passenger aircraft market has a huge potential.

Prabhu had said yesterday that manufacturing of passenger aircraft and aviation equipment will be one of his top priorities. “Local manufacturing of aircraft will be one of the priorities because we will be buying a large number of aircraft over a period of time,” Prabhu had said while chairing an industry meeting in the Capital. He also said a new cargo policy will be announced soon that will be aimed at making the country a new cargo hub. He said the government is working on boosting exports as part of doubling the economy to a USD 5-trillion giant over the next seven years. “We are working hard to make it (USD 5-trillion economy) happen,” he said, adding the next phase of growth will be driven by entrepreneurs.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Air connectivity boost under UDAN! Rupsi Airport in Assam to start operations from Saturday
2Domestic airlines may cut losses to Rs 10,000 crore this fiscal: CRISIL Ratings