For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
If it does not pay for itself, it cannot / should not be built. After the recent splurge on infrastructure, which has damaged the banking system – some would say irrevocably, at least in terms of government ownership – we need to be mindful of economic viability for each project. India leaves little fiscal space for creation of infrastructure out of normal budgetary provisions, which is how, historically, most of it has got built. 2. User charges, starting with power for farmers, are almost entirely driven by politics, not economics. If this issue is not resolved, our infrastructure sector will limp along.
If it does not pay for itself, it cannot / should not be built. After the recent splurge on infrastructure, which has damaged the banking system – some would say irrevocably, at least in terms of government ownership – we need to be mindful of economic viability for each project. India leaves little fiscal space for creation of infrastructure out of normal budgetary provisions, which is how, historically, most of it has got built. 2. User charges, starting with power for farmers, are almost entirely driven by politics, not economics. If this issue is not resolved, our infrastructure sector will limp along.