Melbourne: Mahindra group can finally start selling its airplanes in India after it got approval from the country's civil aviation ministry.
"The aviation ministry yesterday has cleared few norms for certification, which will finally allow us to sell our Australian planes in India," said Anand Mahindra, chairman and managing director on Mahindra Group.
In 2009, Mahindra group announced its intention to be a big player in the aerospace business by acquiring 75.1 per cent of stake each in two Australian aerospace firms for Rs 175 crore.
Since then it had started selling its aircraft in some markets but was unable to do so in India due to regulatory issues. Its aircraft are already flying in the Middle East and Australia.
"We bought an Australia company and we are selling our planes in California but due to a rule to do with seating capacity for piston engine plane, we were not able to sell in India," saids Mr Mahindra, who was also part of Prime Minister Narendra Modi's CEO delegation to Australia.
19/11/14 NDTV
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"The aviation ministry yesterday has cleared few norms for certification, which will finally allow us to sell our Australian planes in India," said Anand Mahindra, chairman and managing director on Mahindra Group.
In 2009, Mahindra group announced its intention to be a big player in the aerospace business by acquiring 75.1 per cent of stake each in two Australian aerospace firms for Rs 175 crore.
Since then it had started selling its aircraft in some markets but was unable to do so in India due to regulatory issues. Its aircraft are already flying in the Middle East and Australia.
"We bought an Australia company and we are selling our planes in California but due to a rule to do with seating capacity for piston engine plane, we were not able to sell in India," saids Mr Mahindra, who was also part of Prime Minister Narendra Modi's CEO delegation to Australia.
19/11/14 NDTV
