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Maharashtra government signs Rs 35,000 crore-deal with rooftop aircraft maker

Commercial pilot Amol Yadav’s dream of setting up an aircraft manufacturing company is set to take wings with the Maharashtra government…

Maharashtra government signs Rs 35,000 crore-deal with rooftop aircraft maker

Devendra Fadnavis (Photo: Facebook)

Commercial pilot Amol Yadav’s dream of setting up an aircraft manufacturing company is set to take wings with the Maharashtra government signing a Rs. 35,000 crore pact with him to build aircraft.

Maharashtra Chief Minister Devendra Fadnavis was present when the MoU, which envisages Rs. 35,000 crore investments in the project, was signed at the “Magnetic Maharashtra” global investors summit in suburban Bandra.

Yadav created waves in February 2016, when he constructed a small airplane on his building terrace and displayed it at the ‘Make In India’ mega-event in Mumbai.

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The Devendra Fadnavis government signed a MoU with Yadav’s Thrust Aircraft Pvt Ltd, India, to set up the plant to build small aircraft and develop Palghar as a new aviation hub.

The MoU, between Amol Yadav and MIDC, will lead to generation of around 10,000 jobs in the project, which will be spread over 157 acre land in Palghar district.

The government had already announced that the company of the 41-year-old Deputy Chief Pilot with Jet Airways, would be allotted around 155 acres of land in Palghar, around 100 km from Mumbai, to implement the project as part of the ‘Make In India’ initiative.

Last year, Mr Fadnavis had assured all help to Mr Yadav, who hails from Satara district, to start manufacturing facility for indigenous 6-seater and 19-seater aircraft.

Mr Yadav, senior commander with Jet Airways, has promoted Thrust Aircraft Private Limited company for manufacturing aircraft.

(With agencies inputs)

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