<h1>Government Launches SPV for Regional Aircraft Manufacturing, Boosting Aviation Industry and Skill Development, Aligns with Make In India</h1> The government plans to establish a special purpose vehicle (SPV) to manufacture regional transport aircraft in India, as announced by the Civil Aviation Minister. This initiative aligns with policies to boost aircraft and component manufacturing, including a uniform IGST rate to promote maintenance, repair, and overhaul activities. India, a rapidly growing civil aviation market, sees increased demand with over 1,500 aircraft orders from domestic carriers. The SPV aims to unite stakeholders and develop a roadmap for aircraft production within five years, supporting the Make In India initiative and emphasizing state involvement and skill development. The indigenous 19-seater Light Transport Aircraft Saras Mk2 is also under development.