State signs a whopping deal worth ₹35,000 Cr with pilot Amol Yadav

The government will be alloting around 155 acres of land in Palghar to implement the project as part of the 'Make In India' initiative.

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Maharashtra government on Monday signed a Memorandum of Understanding (MoU) with Jet Airways pilot Amol Yadav at the Magnetic Maharashtra conclave. It was done two months after his built aircraft was given a registration certificate by the Directorate General of Civil Aviation (DGCA).

Under the MoU, the government will aide Yadav’s company, Thrust Aircraft Pvt Ltd, to manufacture 19-seater planes at Palghar in Dahanu.

In February 2016, Yadav came into the limelight when he constructed a small airplane on his building terrace. He displayed it at the 'Make In India' mega-event in Mumbai and bagged a whopping deal worth ₹35,000 crore with Maharashtra government. The government will be allocating around 155 acres of land in Palghar to implement the project as part of the 'Make In India' initiative.

Yadav had built the six-seater aircraft six years ago on his building’s terrace in Charkop. The aircraft is named after Prime Minister Narendra Modi and Chief Minister Devendra Fadnavis, the aircraft VT- NMD has not acquired a flying license from the safety body.

It is a proud moment for me. My family and I have worked on this project for 17 years. Through co-operation with the government, I am sure to achieve greater heights. I would require an initial investment of ₹500 crore for setting up the company. We are yet to decide on the way in which we would generate that,” Amol added.

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