The country''s first indigenous aircraft prototype, developed at a cost of USD 11.2 billion by Mahindra and Mahindra, will be launched soon, a top official said. This will make India one of the select few countries that manufacture aircraft.
"Yes, our very first prototype that is designed in India and manufactured in Australia will be coming out soon... We are not rushing it," said Karthik Krishnamurthy, the Chief Technology Officer of Mahindra Aerospace, the aviation division of the Mahindra Group. He told that Mahindra and Mahindra has entered into a joint venture with National Aeronautics Laboratory to manufacture aircraft and aero components.
It is setting up a facility at Bangalore with an investment of over USD 60 million. The company had in January this year acquired a two decades old Australian aviation company, GippsAero, headquartered in Melbourne, to manufacture aircraft, for Rs 175 crore.
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