GET Stock QuotesNews18 APP
News18 English
»
1-min read

Suresh Prabhu Seeks US Help to Locally Manufacture Aircraft

Prabhu told the sixth Indo-US aviation summit that such cooperation will offer great business opportunities to American companies already present in the country.

PTI

Updated:May 10, 2018, 8:19 PM IST
facebookTwittergoogleskypewhatsapp
Suresh Prabhu Seeks US Help to Locally Manufacture Aircraft
Commerce and Industry & Civil Aviation Minister Suresh Prabhu and US Trade and Development Agency (USTDA) speaks at the inauguration of US-India Aviation Summit 2018 in Mumbai on Thursday. (Image: PTI)
Loading...
Mumbai: On Thursday, Aviation Minister Suresh Prabhu sought cooperation from the US to locally produce civil and defence aircraft in the country.

"The US is a leader in the aviation space and we will be very happy to collaborate with them to locally manufacture civil and defence aircraft," Prabhu told the sixth Indo-US aviation summit. The minister also said such cooperation will offer great business opportunities to American companies already present in the country.

"There are many areas of mutual interest that we need to discuss such as how do we make passenger and defence aircraft here locally; how do we make drones by collaborating with our US partners," he said. Prabhu said he has set up a task force to suggest a roadmap for producing drones locally and will soon form a similar panel to guide government on locally producing aircraft for both commercial and defence purposes.

Addressing the summit, US ambassador Kenneth Juster said the two nations have made tremendous progress together in many fields, including in the aviation sector. The Indo-US aviation cooperation programme has grown now with more than over 30 members from only 10 when launched 10 years ago, he said."We look forward to further measures to increase ease of doing business and enable US companies to make even greater contribution," Juster said.

The US is committed to deepening and expanding its work with India to private and government areas, he added. Noting that the US-India aviation cooperation programme is going to be an important tool, Thomas Hardy of the US trade and development agency said they are supporting a range of activities in the Indian aviation space and specially mentioned its cooperation with Airports Authority of India.

Civil Aviation Secretary RN Choubey said Government plans to appoint a consultant to harmonise the processes at the Directorate General of Civil Aviation with global peers. "We are working together with the US on air traffic management, evelopment and security," he added.
| Edited by: ---
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Dr Reddys Labs 2,601.80 6.49
ICICI Bank 356.75 -0.32
Yes Bank 198.15 3.15
Infosys 619.10 -3.48
Reliance 1,112.90 -2.15
Company Price Change %Gain
Maruti Suzuki 7,415.80 1.14
Infosys 620.95 -3.14
TCS 1,811.75 -3.51
Dr Reddys Labs 2,594.75 5.90
Ashok Leyland 110.30 2.80
Top Gainers
Company Price Change %Gain
Dr Reddys Labs 2,601.80 6.49
Yes Bank 198.15 3.15
Grasim 863.75 3.08
Bajaj Finserv 5,851.95 2.87
UPL 779.25 2.64
Company Price Change %Gain
Yes Bank 198.00 2.83
Axis Bank 626.35 2.20
Adani Ports 360.90 1.91
Asian Paints 1,322.90 1.25
SBI 286.55 1.24
Top Losers
Company Price Change %Gain
TCS 1,812.00 -3.53
Infosys 619.10 -3.48
Power Grid Corp 182.10 -3.34
Tech Mahindra 690.65 -2.68
HCL Tech 985.15 -2.36
Company Price Change %Gain
TCS 1,811.75 -3.51
Infosys 620.95 -3.14
Power Grid Corp 182.85 -2.74
Wipro 314.05 -2.38
Reliance 1,112.30 -2.31

Live TV

Loading...
Loading...