Maharashtra government offers 157 acres of land in Palghar for 20-seater aircraft production

Maharashtra government has offered 157 acres of land in Palghar district near to a private company to produce its indigenously designed 20-seater commercial aircraft.

A 6-seater aircraft developed by Captain Amol Yadav on the terrace of his building in suburban Kandivali was the centre of attraction at the 'Make In India Week' held at the Bandra-Kurla Complex here in February.

The aircraft has been designed and developed by Thrust Aircraft Pvt Ltd floated by Yadav.

Speaking to reporters here, Managing Director of Thrust Aircraft Rashmikant Yadav claimed, "If I could get finance and land, I am ready to start (20-seater) aircraft manufacturing from November and in about year's time, by December 2018, we would be ready with four such aircraft."

The prototype would be ready in a year, he added. A senior government official said the Palghar district collectors office had sent a report, recommending that Yadav be allotted 157 acres of land near Kelve station.

The company had applied for a 200-acre plot. According to Yadav, it is seeking an investment of Rs 200 crore from a nationalised bank for which the state Government is also lending its active support.

Expressing confidence that he will be able to secure investments, Captain Yadav said his company planned to produce 100 such aircraft once the production starts.

"Normally it takes Rs 60 crore to make a 20-seater aircraft, but we will be producing it in Rs 30 crore," he claimed.