{"id":31745,"date":"2023-10-19T07:08:50","date_gmt":"2023-10-19T07:08:50","guid":{"rendered":"https:\/\/innodebt.com\/markets\/stocks\/nashik-emerges-as-major-hub-for-indias-aircraft-production\/"},"modified":"2023-10-19T07:08:51","modified_gmt":"2023-10-19T07:08:51","slug":"nashik-emerges-as-major-hub-for-indias-aircraft-production","status":"publish","type":"post","link":"https:\/\/innodebt.com\/?p=31745","title":{"rendered":"Nashik emerges as major hub for India’s aircraft production"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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The city of Nashik, traditionally recognized for its wine production, is now transitioning into a significant center for aircraft manufacturing in India. State-owned Hindustan Aeronautics Limited (HAL) is setting up new production lines for the indigenous light combat aircraft (LCA) Mk-1A and Hindustan Turbo Trainer-40 (HTT-40) planes to meet the growing demands of the Indian Air Force (IAF).<\/p>\n

The new production lines will expedite the delivery of the 83 fighters ordered by IAF for \u20b948,000 crore in February 2021, reducing the delivery time by at least a year. This follows an announcement from IAF chief Air Chief Marshal VR Chaudhari about plans to order an additional 97 LCA Mk-1As at an estimated cost of \u20b967,000 crore (INR100 crore = approx. USD12 million). <\/p>\n

Currently, HAL can manufacture 16 LCA Mk-1As annually in Bengaluru. The Nashik line will increase this capacity to 24 jets per year. The first Mk-1A is expected to be delivered to the IAF in February 2024, with the final jet from the batch of 83 due by 2028.<\/p>\n

On Tuesday, HAL delivered the first trainer version of LCA Mk-1 to Chaudhari in Bengaluru as part of an earlier order for 40 Mk-1 jets. The IAF has already inducted 32 single-seater jets and established two LCA squadrons. Seven more twin-seater aircraft are expected to be delivered by March 2024.<\/p>\n

The LCA project, initiated in 1983 as a replacement for the Soviet-origin MiG-21 fighter fleet, will see its existing Mk-1 and Mk-1A variants replace IAF\u2019s MiG-21 fighters. The Mk-2 variant is being planned as a replacement for IAF\u2019s retiring MiG-29s, Mirage-2000s, and Jaguar fighters.<\/p>\n

In addition to the LCA production, HAL has been awarded a \u20b96,838-crore contract by the defense ministry in March for 70 HTT-40 planes. Production of these basic trainers is set to begin in Nashik in 2025-26, according to DK Sunil, director (engineering and R&D), HAL. A repeat order for an additional 35 HTT-40s is likely.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. The city of Nashik, traditionally recognized for its wine production, is now transitioning into a significant center for aircraft manufacturing in India. State-owned Hindustan Aeronautics Limited (HAL) is setting up new production lines for the indigenous light combat aircraft (LCA) Mk-1A and Hindustan Turbo Trainer-40 (HTT-40) planes to meet the growing demands of […]<\/p>\n","protected":false},"author":1,"featured_media":5628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-31745","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nNashik emerges as major hub for India's aircraft production | Innodebt<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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