New Delhi, Jan. 27 -- The Adani Group and Brazilian aerospace giant Embraer have signed a landmark Memorandum of Understanding (MoU) to establish a comprehensive manufacturing and maintenance ecosystem for regional transport aircraft in India.

Speaking on the partnership, Arjan Meijer, President and CEO of Embraer Commercial Aviation, expressed immense optimism about India's growth trajectory. "Embraer is very proud to stand here today. We're very, very pleased to sign our MOU with Adani. We see a bright future ahead of us here in India, and we believe the stars are aligning to advance the Make in India initiative," Meijer stated. He highlighted that while India has a massive aircraft backlog of around 1,700 units, the regional segment r...