Aerospace giant Airbus is likely to invest Rs 25,000 crore for production of military transport aircraft in a joint venture with the Uttar Pradesh government, if all goes well.
Talking to TOI on the third day of DefExp-2020, micro, small and medium enterprises (MSME) minister, Siddharth Nath Singh, said an Airbus delegation unveiled its plans of setting up a big project of manufacturing ‘C-295 transport planes’ in India soon.
“Since both Prime Minister Narendra Modi and defence minister Rajnath Singh represent Uttar Pradesh, the state has an edge in bagging the project, entailing an investment of Rs 25,000 crore and guaranteeing 16,000 jobs,” said the MSME minister, adding the promoter company would require nearly 5,000acre, which the state was ready to provide.
The minister said he held a meeting with the Airbus delegation and the company had no issues in setting up base in the state to manufacture the ‘C-295 transport planes’. “I have already sought time with the defence minister to grab the prestigious project for the state,” the minister said.
Singh said, apart from the proposed plant for the transport plane, the state government also discussed with the Airbus delegation setting up of 3-5 simulators and centres for entrepreneurship development programme (EDP) and other skill development programmes to fulfil requirement of the aviation industry.
He said the meeting with Airbus officials also matured plans for setting up a maintenance, repair and overhaul (MRO) facility in the state, certifying skill courses for private universities for aviation and a design centre in Noida.