Panel oversee SPV formation for making transport aircraft

Image
IANS New Delhi
Last Updated : Aug 02 2018 | 12:05 AM IST

The government has constituted a sub-committee for the formation of a special purpose vehicle (SPV) for manufacturing regional transport aircraft (RTA) in India, Parliament was told on Wednesday.

Union Minister for Civil Aviation Suresh Prabhu told the Rajya Sabha in a written reply that the issue of development of a RTA under the National Civil Aircraft Development (NCAD) programme was considered in a meeting of the Committee of Secretaries (CoS) on May 18, 2018, and further action has been taken as per the decisions of this meeting.

"... further actions have been taken up in accordance with the decisions taken therein, including the constitution of a Sub-Committee on the Special Purpose Vehicle for manufacture of the regional transport aircraft in India," he said in the written reply.

--IANS

rv/nir

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 01 2018 | 11:59 PM IST

Next Story