India is going forward with the motto of "Make in India, Make for the Globe," according to Prime Minister Narendra Modi.
On Sunday, Prime Minister Narendra Modi stated that India is advancing with the motto of "Make in India, Make for the Globe" and that the day when large passenger planes would be produced in the nation is not far off.
Speaking in Vadodara, he had just laid the cornerstone for a plant that would produce C-295 medium transport aircrafts for the Indian Air Force.
The aircrafts, which will be constructed by a partnership between the Tata Group and European aerospace manufacturer Airbus, are anticipated to provide the government's Aatmanirbhar Bharat program a major boost.
The Prime Minister, who will be in Gujarat for three days starting today, stated in his address that "we have made a huge stride in the path of making India the world's centre for manufacturing. Before the end of the year, elections will be held in Gujarat.”
The C-295 Aircraft Manufacturing Plant will be the nation's first private aircraft manufacturing facility. In September of last year, India and Airbus Defence and Space Spain agreed to a contract for over 21,000 crores for the purchase of 56 C-295 aircraft to replace the IAF's outdated Avro-748 aircraft.
According to the agreement, Airbus will complete the first 16 aircrafts on its final assembly line in Seville, Spain, and deliver them to customers in "fly-away" condition within four years. The remaining 40 aircraft will be constructed and assembled by Tata Advanced Systems (TASL), a business partner of the two companies.
The building for which the foundation stone was set today has the potential to completely change the defense and transportation industries in the nation.
In addition to strengthening the armed forces, transport aircraft produced here will contribute to the creation of a new environment for the industry, he continued.
"Vadodara, which is known as a centre of culture and education, will acquire a new identity as an aviation industry hub," he added, noting that the project also involves more than 100 MSME suppliers.
The initiative would soon be ready to accept orders for export to other nations, he claimed, giving the slogan "Make in India, Make for the Globe" a fresh boost.
The UDAN (Ude Desh ka Aam Nagrik) plan has significantly boosted our aviation industry. Over 2,000 airplanes will be needed by India in the next 15 years or more. We have made progress in satisfying this worldwide need today. To ensure quality in the industrial sector, "New India" relies on a competitive environment, according to Prime Minister Modi.
India is offering the chance for high volume, low-cost manufacturing, he said. India has a vast talent pool of skilled labour, he continued. Creating a simplified corporate tax structure while making it globally competitive, opening up the 100% FDI route, opening up the defense and space sectors for private companies, reforming 29 central labor regulations into four codes, eliminating 33,000 compliances, and creating the Goods and Service Tax by ending a complex web of regulations are just a few examples of the unprecedented environment India is creating for manufacturing, the Prime Minister claimed.
Modi also commended the Gujarati government and the Defense Ministry for recently hosting the largest Def-Expo ever in Gandhinagar. He emphasized that all of the technology and equipment on show at the Def-Expo were produced in India. "The mirror of Project C-295 will also be obvious to us at the Def-expo in the future years," the prime minister remarked.
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