Aerospace
Civil Aviation Minister asks aerospace manufacturers to increase supply chain manufacturing footprint in India
New Delhi: To strengthen India's aerospace manufacturing and maintenance, repair, and overhaul (MRO) sector, Civil Aviation Minister Jyotiraditya Scindia on Tuesday urged leaders of aerospace manufacturing companies to work together and share their needs from various government departments, an official release said.
This collaboration aims to support the expansion of supply chains for aerospace manufacturing in India, it said.
During the Advisory Group meeting of Aerospace Manufacturers and MROs, Minister Scindia also engaged in detailed discussions with MROs on their operational and taxation challenges.
Met the Advisory Group of Aerospace Manufacturers and MROs and deliberated upon taxation, as well as regulatory issues impacting the growth of the sectors.
— Jyotiraditya M. Scindia (@JM_Scindia) December 12, 2023
Also, advised aerospace manufacturers to present a collaborative plan outlining their requirements from each department of… pic.twitter.com/J6RQhtJn5f
The Minister said he would relook at select taxation and regulatory issues and collectively work towards greater financial viability for MROs.
He further underlined the ministry’s commitment towards establishing India as a global hub for aviation and creating a robust and globally competitive aviation ecosystem.
The meeting was attended by players like Airbus, Boeing, Safran, Max Aerospace, GMR MRO, Bharat Forge, Tata Advanced Systems, RTX, HAL, AIESL, Pratt & Wittney, Air Works, Taj Air, Bird Executive, Invest India and CII.
The meeting also was attended by Gen (Retd) Dr. V. K. Singh, Union Minister of State for Civil Aviation & Road Transport and Highways, Vumlunmang Vualnam, Secretary, Ministry of Civil Aviation (MoCA) and other senior officials from DGCA, AAI, BCAS and MoCA.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
