The Mahindra Group, a multi billion dollar company based in Mumbai, has finally got a thumbs up from the country's civil aviation ministry to sell aircrafts in India.
Anand Mahindra, the Chairman and Managing Director of Mahindra Group said, "The aviation ministry yesterday has cleared few norms for certification, which will finally allow us to sell our Australian planes in India."
Back in 2009, Mahindra showed interest to be a big player in the aerospace department, acquiring 75.1 percent of stake each in two of Australia's aerospace companies for INR 175 crore.
Ever since, Mahindra has been selling aircrafts in other countries but was unable to do so in India owing to regulatory issues.
Anand Mahindra said, "We bought an Australian 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."
The aircrafts, known as Mahindra Gipps Planes are utility aircrafts that can carry 5 to 10 people.
Praising the new government of India, Anand Mahindra said, "If the 'Make in India' initiative succeeds, we will need raw material on a scale that has not been visioned before."
He added saying "After the new government came into power, every roadblock was removed without undue haste and with respect and regards to new process."