Maharashtra government has offered&nbsp;157 acres of land in Palghar district near to a private&nbsp;company to produce its indigenously designed 20-seater&nbsp;commercial aircraft.
A 6-seater aircraft developed by Captain Amol Yadav on&nbsp;the terrace of his building in suburban Kandivali was the&nbsp;centre of attraction at the 'Make In India Week' held at the&nbsp;Bandra-Kurla Complex here in February.
The aircraft has been designed and developed by Thrust&nbsp;Aircraft Pvt Ltd floated by Yadav.
Speaking to reporters here, Managing Director of Thrust&nbsp;Aircraft Rashmikant Yadav claimed, "If I could get finance and&nbsp;land, I am ready to start (20-seater) aircraft manufacturing&nbsp;from November and in about year's time, by December 2018, we&nbsp;would be ready with four such aircraft."
The prototype would be ready in a year, he added.&nbsp;
A senior government official said the Palghar district&nbsp;collector's office had sent a report, recommending that Yadav&nbsp;be allotted 157 acres of land near Kelve station.&nbsp;
The company had applied for a 200-acre plot. According to&nbsp;Yadav, it is seeking an investment of Rs 200 crore from a&nbsp;nationalised bank for which the state Government is also&nbsp;lending its active support.
Expressing confidence that he will be able to secure&nbsp;investments, Captain Yadav said his company planned to produce&nbsp;100 such aircraft once the production starts.
"Normally it takes Rs 60 crore to make a 20-seater&nbsp;aircraft, but we will be producing it in Rs 30 crore," he&nbsp;claimed.

Maharashtra government has offered&nbsp;157 acres of land in Palghar district near to a private&nbsp;company to produce its indigenously designed 20-seater&nbsp;commercial aircraft

Maharashtra government offers 157 acres of land in Palghar for 20-seater aircraft production

Lindsay Pereira: The ugliness of India's sports culture

Maharashtra government has offered&nbsp;157 acres of land in Palghar district near to a private&nbsp;company to produce its indigenously designed 20-seater&nbsp;commercial aircraft

Maharashtra government offers 157 acres of land in Palghar for 20-seater aircraft production

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / India News / Article / Maharashtra government offers 157 acres of land in Palghar for 20-seater aircraft production

Maharashtra government offers 157 acres of land in Palghar for 20-seater aircraft production

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast