Maharashtra govt sanctions Rs 13 cr for Mumbai pilot's aircraft manufacturing dream

Representational Pic. iStock

The Maharashtra government on Tuesday sanctioned Rs 12.91 crore to a company set up by Mumbai-based commercial pilot Captain Amol Shivaji Yadav to be used for research in indigenous aircraft manufacturing.

A government resolution (GR) uploaded on the state administration's official website said the money is being given to Yadav to build a 19-seater aircraft.

Yadav came into limelight when he built a prototype of a six-seater aircraft on the rooftop of his house in suburban Kandivli in 2011. Aviation regulator DGCA had granted a registration certificate to the commercial pilot's indigenously made aircraft, which was displayed during the Make-in-India week in Mumbai in 2017.

This (Rs 12.91 crore) is a one-time financial subsidy to Yadav's Thrust Aircraft Pvt Ltd for research required to develop a 19-seater plane. The funds will be made available from the Dr Babasaheb Ambedkar Research and Training Institute, Pune, the official order said.

Also Read: 40,000 civic vacancies to be filled up soon: Maha CM Shinde

The GR restricted the use of funds other than the stated purpose of research and mandated the company to submit its utilisation certificate with details from time to time.

Yadav has been vocal about his aircraft manufacturing plans and in the past he made presentations to politicians seeking financial and technical assistance for his project.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever