Flying car-maker PAL-V of The Netherlands will set up a manufacturing plant in Gujarat and has set a target of commencing production by 2021.
PAL-V stands for Personal Air Land Vehicle.
A Memorandum of Understanding was signed in the presence of Gujarat Chief Minister Vijay Rupani between state Industries Principal Secretary MK Das and Carlo Maasbommel, vice president of PAL-V's international business development.
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A release said the state government would help the Dutch car-maker in getting all necessary approvals from the Centre for the plant in Gujarat, the first to be set up by the firm in India.
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Maasbommel said his company chose Gujarat for its "world class infrastructure, ease of doing business and better port and logistic facilities".
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He said the company had set a target of commencing commercial production by 2021, adding that cars manufactured here would also be exported, including to the United States and European nations.
Maasbommel told CM Rupani that PAL-V has so far received orders to export 110 such flying cars.
Explaining the details of the product, Maasbommel said, "The PAL-V flying car, having two engines, can run at a speed of 160 kilometres on road and can fly at a speed of 180 kms. The car can turn into a flying vehicle in just three minutes and cover a distance of 500 km on a full tank."
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.