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India stands on the cusp of pioneering its aircraft development, a potential reality in the near future. With the Indian aviation market poised to become one of the world's top five largest markets, there's a burgeoning demand for carriers like Indigo, Air India, and Akasa. Together, they've placed orders for over 1400 aircraft from Boeing and Airbus, marking one of the highest orders in the aviation industry.
'Made in India' passenger aircraft.
To transform the dream of a 'Made in India' passenger aircraft into reality and propel the local aerospace ecosystem, India requires a comprehensive National Aerospace Policy. The government has notably urged the establishment of final aircraft assembly lines (FALs) by Airbus and Boeing within India, driven by the substantial orders they've received.
India has exerted considerable pressure to establish assembly lines domestically, mirroring the success of similar initiatives abroad. With its aviation market growing at an unprecedented rate, India boasts the largest order book for new aircraft, estimated at a staggering $70 billion over the next decade. Existing airports bustle with travelers while new ones are either under construction or in the planning phase.