The State Bank of India (SBI) will set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad, Telangana which will be operational in six to nine months of on-boarding a consultant.
Hindustan Aeronautics Limited (HAL) Indian state-owned aerospace and defence company, introduced a 19-seater aircraft 'Hindustan 228' in a first of its kind attempt to develop small civil transport aircraft under the UDAN (Ude Desh Ka Aam Naagrik) Scheme.