The Adani group and Brazilian major Embraer announced a strategic tie-up to set up a regional aircraft manufacturing facility in India.
On the road to manufacturing hub
Embraer makes commercial jets with up to 150 seats. Details about the investments and the location of the proposed facility were not disclosed. Civil Aviation Secretary said the collaboration is not just about assembling a regional aircraft but also about technology transfer, skilling, supply chain and making India a manufacturing hub.
India will need 500 aircraft in 20 years
* The Indian market is expected to require at least 500 aircraft in the 80 to 146 range over the next 20 years, Embraer said.
* The venture with the Adani group will be a major fillip for the Brazilian major in India's civil aviation
space. Adani Defence & Aerospace President & CEO called it a "watershed".
50 aircraft from Embraer's stable in service currently in India.
My take
A great leap for India's aviation industry!
Tailpiece.
A quiet Wednesday.
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