Mallya Plans Epic Plant In India
Indian business tycoon Vijay Mallya says he intends to build Epic's line of turboprops and light jets in India to serve the Asian and Middle Eastern market. Mallya bought a 50 percent stake in Bend, Ore.-based Epic earlier this year and says he wants to bring the operation, or at least part of it, home. “Once the certification process of Dynasty, Victory and Elite is done in the US, I want to manufacture them in India. The manufacturing base in India will largely target Middle-East and Asia besides the domestic market,” he told The Economic Times The Times story also says that as part of the deal, "Epic Aircraft also got access to Airbus resources to accelerate the certification of its new VLJs — Elite and Victory." What effect the planned manufacturing plant in India will have on Epic's plans in North America isn't known. However, the story does say that building the planes in India is expected to be cheaper than building them in North America.