Prime Minister Narendra Modi said that India’s aviation sector is poised for robust growth in the coming decade as the country will soon be among the top three nations with the world’s largest air traffic.
He was speaking at the ground-breaking ceremony for the Tata-Airbus C-295 transport aircraft manufacturing facility at Vadodara on Sunday.
Exuding confidence in the growing defence aerospace manufacturing in the country, Modi said, “I can foresee a day when the world’s big passenger planes will also be made in India. Today, as we lay the foundation stone for this facility, it will transform the defence aerospace sector of India,” said Modi at the gathering on the outskirts of Vadodara. This is the first time India’s defence aerospace sector has witnessed such a quantum of investment being made.
European aviation major Airbus and Tata Group, under a tie-up, will manufacture C-295 transport aircraft for the Indian Air Force (IAF) in Vadodara, the first instance for a private entity to manufacture defence aircraft in India. The project involves an investment of around ₹22,000 crore and promises to generate employment for 6,000.
