Media Eye News Bureau: The Maharashtra government recently signed a Rs. 35,000 crore pact with Amol Yadav, a commercial pilot to enable him to build aircrafts.
The MoU was signed at the ‘Magnetic Maharashtra’ global investors’ summit in the presence of Maharashtra Chief Minister Devendra Fadnavis.
Yadav asserted, “I have to make planes. I have demonstrated the capabilities. Fadnavis wants the first plane making factory of the country to be in Maharashtra. The 157-acre plot was identified in Palghar. The MIDC will provide us land and support facilities like roads. My responsibility is to build the plane and create the factory which will be producing more, and also to look after factories to be set up henceforth. This will be an aerospace hub to make planes.”
He added, “In the first phase, I am required to build a prototype 19-seater plane and three more similar planes for production. The investment required for this will be Rs. 200 crore, which is the immediate requirement and will be spent in the next six months. Our target, from the Rs. 35,000 crore investment, is very simple. We want to make 600 19-seater planes in the next 2-3 years and then take it to 1,300 planes after that. We are planning for 1300 19-seater planes at present.”
