SPV To Manufacture Regional Transport Aircraft (RTA) To Be Set Up Soon

The Indian government has set an ambitious target to manufacture a Regional Transport Aircraft (RTA) in the next 5 years. Replying to a question in the Rajya Sabha, Civil Aviation Minister K Rammohan Naidu said a Special Purpose Vehicle (SPV) is being set up to explore how to accomplish this target. The SPV will ensure the necessary policies are in place for India to manufacture planes and its components. According to the minister, the government has already taken 3 major steps to reach this target – ensure an aircraft component manufacturing ecosystem, have the proper policies in place and have the proper skilling requirements in place. "We are saying that India is at the stage right now where we can manufacture, we can design and we can maintain an aircraft," Naidu said.