BANGALORE: A strategic meet with an aim to start the process of building the first ‘made-in-India’ civilian aircraft was held here on Monday.
Speaking on the occasion, National Manufacturing Competitiveness Council (NMCC) Member Secretary Ajay Shankar said: “Given the skill set and the cost advantage the country has, the dream project should turn into reality by 2020-22.”
He called upon over 100 potential business partners, who were present on the occasion, to actively participate in the brain-storming session and discuss challenges and risks involved.
HAL Chairman Dr R K Tyagi, in his address, pointed out that India must have such an aircraft as it is the world’s ninth largest market and will be the third largest by 2020.
“A Special Purpose Vehicle (SPV) is being developed by HAL and NAL to steer this project. The purpose of this strategic partners’ meet is to ensure inclusive involvement of all the potential business entities right from the beginning,” he added.
A team of experts drawn from government agencies, private industries and research organisations participated at the panel discussion and deliberated on the challenges on various fronts including technology, time scales, conceptual design issues, the required manufacturing skills and commercial viability, according to a release from HAL.