Civil Aviation Minister urges aerospace manufacturers to increase supply chain manufacturing footprint in India
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
In a significant move towards fortifying India's aerospace manufacturing and Maintenance, Repair & Overhaul (MRO) sector, the Minister of Civil Aviation and Steel, Jyotiraditya M. Scindia has urged leaders of aerospace manufacturing majors to present a collaborative plan outlining their requirements from each department of the government of India (GOI), in order to help them expand supply chains for aerospace manufacturing in India.
During the Advisory Group meeting of Aerospace Manufacturers and MROs, the Minister also engaged in detailed discussions with MROs on their operational and taxation challenges. He assured to relook select taxation and regulatory issues and collectively work towards greater financial viability for MROs.
The Minister of Civil Aviation and Steel further underlined the ministry’s commitment towards establishing India as a global hub for aviation, and creating a robust and globally competitive aviation ecosystem. Meanwhile, 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.
