Vadodara, 30th October 2022: Prime Minister Narendra Modi on Sunday laid the foundation stone of the C-295 transport aircraft manufacturing plant in Vadodara, Gujarat. Speaking on the occasion, he said that India is enhancing its capabilities with the mantra of Make in India and Make for Globe.

In the coming times, India will be the largest manufacturer of passenger aircraft in the world. Today India has brought a golden opportunity to the world. India continues to be the growth momentum of the manufacturing sector despite supply chain disruptions caused by the Corona pandemic and the circumstances created by the Ukraine war.

PM Modi said, “I see that in the coming days, India will also become a big manufacturer of the world’s largest transport aircraft. Today it is starting from Vadodara. This is the first time that such a huge investment is taking place in India’s defence aerospace sector. Transporting aircraft to be built in Vadodara will not only give strength to our army, but it will also develop a new ecosystem for aircraft in the country. India’s aviation sector is the fastest-growing aviation manufacturing sector in the world. In the last eight years, we focused on skill development and created an environment for it. This is the reason that at present there is a change in the manufacturing sector.”

He further said, “We are going to reach the top three countries of the world in terms of air traffic. Today India is dealing with a new mindset and a new work culture. We have abandoned the method of do-it-yourself decisions. We have come up with various incentives for the investors. We launched a production-linked incentive scheme, which is making a difference. The defence and aerospace sectors will be the two important pillars to make India self-reliant in the coming years. We have set a target of over $25 billion in defence manufacturing by 2025, then our defence exports will be more than $5 billion.”

The Prime Minister said, “Soon we are going to reach the top three countries of the world in terms of air traffic. Millions of new passengers are going to be added in the next four-five years. Flight planning is also helping a lot in this. It is estimated that India will need more than 2000 passenger and cargo aircraft in the coming 10-15 years. These figures show how fast the Indian aviation sector is going to grow in the coming days. The power of India can be gauged from the fact that today it is making its fighter plane, tank, and submarine. Not only this, medicines and vaccines made in India are saving the lives of millions of people across the world.”