• The Government of India is exploring the possibility of inviting manufacturers of Electric Vertical Take off and Landing (eVTOL) aircraft to set up base in India. Aviation Minister Jyotiraditya Scindia has been reported as asking Beta Technologies, which has a partnership with the Blade group (it has a presence in India), to look at the Indian market.
  • An eVTOL aircraft is one that uses electric power to hover, take off, and land vertically. This is technology that has grown on account of successes in electric propulsion based on progress in motor, battery, fuel cell and electronic controller technologies and also fuelled by the need for new vehicle technology that ensures urban air mobility (UAM).
  • The global market for eVTOLs was put at $8.5 million in 2021 and is to grow to $30.8 million by 2030. The demand will be on account of green energy and noise-free aircraft, cargo carrying concepts and the need for new modes of transport.