Prime Minister lays the foundation of C-295 Aircraft Manufacturing facility in Gujarat
November 02, 2022
“India is presenting opportunities of low-cost manufacturing and high output”
- Prime Minister Narendra Modi
Hon’ble Prime Minister Narendra Modi laid the foundation stone for the C-295 Aircraft Manufacturing facility in Vadodara, Gujarat on 30th October 2022. On the same occasion, he visited the exhibition that displayed the advancements made in manufacturing and technology by the aerospace sector under the aegis of Aatmanirbhar Bharat.
The Prime Minister addressed the fact that India has made significant advancements towards becoming the world's manufacturing centre. He highlighted that India is a major producer of automobiles, medicines, vaccines, electrical devices, mobile phones, tanks, submarines, and fighter jets. He continued by saying that India is advancing with the slogan "Make in India, Make for the Globe'' and is now emerging as a major producer of transport aircraft worldwide. He encouraged everyone by mentioning that India will soon produce large passenger planes that will proudly display the phrase "Made in India".
He indicated that the manufacturing facility for which the foundation stone has been set has the potential to alter the nation's transportation and defence industries. He emphasized that this significant investment is being made in the Indian defence industry for the first time. In addition to strengthening the armed forces, the transport aircraft produced here will contribute to the creation of a new ecosystem for the industry. Vadodara, which is renowned for being a centre of culture and education, will try to grow into a hub for the aviation industry as well. More than 100 MSMEs are involved with the project.
Praising India's rapidly expanding aviation industry, the Prime Minister noted that the nation is on the verge of joining the top three air traffic producers in the world. Many commuters are becoming air passengers due to the UDAN scheme, he added. He acknowledged the rising demand for passenger and freight planes, stating that India will require more than 2000 planes over the next 15 years.
The Prime Minister said, "India is presenting the prospect of low-cost manufacturing and high output and it has a vast talent pool of skilled labour”. He cited the creation of a simplified corporate tax structure that is also globally competitive, allowing private companies to operate in the defence and space industries, reforming 29 central labour laws into 4 codes, eliminating 33,000 compliances, and establishing the Goods and Service Tax by ending the cluster of numerous other taxes.
He encouraged those involved in the sector to take advantage of the exceptional level of investment confidence currently present in the nation. He continued by saying that greater consideration is needed to be given to assisting the nation's start-ups and noted the growing involvement of the corporate sector in research. He added, "If we move in this route, we will be able to build a stronger ecosystem for manufacturing and innovation.” Click here to read more about it.
About the manufacturing facility
The C-295 Aircraft Manufacturing Facility will be the nation's first private aircraft manufacturing facility. The Indian Air Force will use this facility to produce 40 C-295 aircraft thanks to a partnership between Tata Advanced Systems Limited and Airbus Defence and Space, Spain. The facility will be a crucial step in realizing Aatmanirbharta in the defence industry and will also assist in maximizing the potential of the private manufacturers.