“Make in India”; PM Modi will lay foundation stone to Airbus C-295 aircraft manufacturing hub

As the part of ‘Make in India’ initiative, Prime Minister Narendra Modi will lay the foundation stone of a transport aircraft manufacturing project for the Indian Air Force (IAF) at Vadodara in Gujarat on October 30.

Defence Minister Rajnath Singh, Union Minister for Civil Aviation Jyotiraditya M Scindia, and Gujarat Chief Minister Bhupendrabhai Patel will also attend the function. This is the first project of its kind, in which a military aircraft will be manufactured in India by a private company.

The total cost of the project is Rs 21,935 crore. The project offers a unique opportunity for the Indian private sector to enter into the technology-intensive and highly competitive aviation industry. It will augment domestic aviation manufacturing, reducing the need for importing military equipment.