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Plan panel to allocate Rs 5000 crore to develop civilian plane

22 January 2012

NEW DELHI: Council of Scientific and Industrial Research’s ambitious plans to develop a 90-seater passenger aircraft are set to get a boost with the Planning Commission expected to allocate Rs 5,000 crore for the project in the 12th Five Year Plan.

“The Planning Commission is expected to sanction Rs 5,000 crore for the design and development phase of the project in the 12th Plan,” officials said.

The civilian aircraft project was proposed by a 15-member High Powered Committee (HPC) for National Civil Aircraft Development (NCAD), set up by the CSIR in May 2010 under the aegis of former ISRO Chairman G. Madhavan Nair…..

Read more: http://www.thehindu.com/news/national/article2822788.ece

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Written by csirindia

January 25, 2012 at 1:00 pm

Posted in NAL

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