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Rs 8,300-cr investment for national civil aircraft project

31 May 2011

MUMBAI:The National Civil Aircraft Development Project is set to be launched by January next year, and the total investment for the project is estimated at Rs 8,300 crore.

According to the financial feasibility report for the project, the first phase, or the design phase, is expected to start by January 2012 and would entail an investment of Rs 4,400 crore, which would be spread over a period of three-five years. The second phase, or the production phase, is expected to start within three years of the launch of the design phase, and would require an investment of Rs 3,900 crore.

Last year, National Aerospace Laboratories (NAL), which spearheads the National Civil Aircraft Development Project, commissioned a survey to assess the potential market for India’s proposed regional transport aircraft. The Bangalore-based aerospace research laboratory had then appointed consultancy firm AT Kearney to conduct the survey, while IDBI Capital Market Services Ltd and SBI Capital Markets Ltd were entrusted with the financial feasibility study.

 “Currently, the project is at a pre-design stage and awaits the government’s final approval. NAL has already invested Rs 50 crore and put in place a civil aircraft design bureau, which is expected to develop five prototypes,” said a source involved with the feasibility study. The project involves developing 70-90 sitter ‘short haul aircraft’ to facilitate air transport in Tier-II and Tier-III cities…..

Read more: http://www.business-standard.com/india/news/rs-8300-cr-investment-for-national-civil-aircraft-project/437262/

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Written by csirindia

June 1, 2011 at 9:43 am

Posted in NAL

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