Prime Minister Narendra Modi has said, India is moving towards becoming a global manufacturing hub with growing cost-effective manufacturing capabilities, global-standard comparative environment and ease of doing business. The Prime Minister after laying the foundation stone of C-295MW transport aircraft manufacturing project at Vadodara, Gujarat today said, this project will be a milestone in achieving goals of Atmanirbhar Bharat.
The Prime Minister said, with this Make in India Initiative the country will acquire capabilities to make transport aircraft and in future, will be able to make even passenger aircrafts in India. Mr Modi said this project will help in achieving the goal of defence products manufacturing worth 25 billion dollar and defence export worth five billion dollar.
Mr Modi said, the transport aircraft which will be manufactured at Vadodara will not only give power to the Army but also create a new ecosystem in the country. He said India possesses one of the fastest developing aviation sectors in the world. He said, India is soon to enter the list of the top three nations in terms of air traffic. Mr Modi added, in the coming 10 to 15 years, our country will require over 2000 passenger and cargo aircraft.
Mr Modi said a new saga of economic reforms is being written in India today. In the past eight years, the government is stressing on Ease of doing business to boost the manufacturing sector in the country. He said the new India is growing with a new mindset and work culture that encourages the partnership of the private sector in the development of the country. He urged the private industry to take the maximum benefit of the positive environment which is being created in the country for private partnership.
