Adani Group and Brazilian aerospace major Embraer are set to announce next week the plan to set up a final assembly line for civilian aircraft in India, a significant push for the efforts to make planes in the country.
India is one of the world’s fastest growing civil aviation markets and air traffic demand is rising, with airlines expanding their fleets and new airports coming up.
A Memorandum of Understanding (MoU) wil be inked by executives of Adani Defence and Aerospace, and Embraer in the presence of Civil Aviation Minister K Rammohan Naidu on January 27 in the national capital. The plan is for setting up the Final Assembly Line (FAL) for making Embraer jets in the country, according to sources.
Embraer makes commercial jets with up to 150 seats.
Currently, Embraer, whose E-Jets began operations in India in 2005, has nearly 50 aircraft in the country serving the Indian Air Force, government agencies, business jet operators and commercial airline Star Air.
The Indian market is expected to require at least 500 aircraft in the 80-146 seat range over the next 20 years, Embraer said in a release on January 21.
Source: Business Standard
