India is preparing an inclusive roadmap to promote aircraft component manufacturing in the country, said Union Civil Aviation Minister Ram Mohan Naidu on Friday.
Speaking at a meeting to review and advance aircraft component manufacturing in the country, the Minister assured industry stakeholders of the Centre’s commitment to developing a comprehensive and inclusive roadmap.
Lately, India’s aircraft component manufacturing sector is experiencing significant growth on the back of strategic alliances with leading global aerospace firms and the growing demand for air travel.
Major international OEMs (original equipment manufacturers) such as Boeing and Airbus, among others, are progressively sourcing billions of dollars worth of components from India.
According to the Aerospace India Association (AIA), the aerospace exports are currently valued at under $2 billion.
Market access
As per an official communique, the Minister articulated the development of a dual-pronged strategy that aims to both expand the indigenous aircraft component manufacturing by utilising the supply chain network of MSMEs (Ministry of Micro, Small & Medium Enterprises) and simultaneously give greater international market access to Indian component OEMs (original equipment manufacturers).
“It is imperative that we build a comprehensive ecosystem — encompassing skill development, design, manufacturing, maintenance, certification, and knowledge sharing — through close collaboration among our ministries and departments with industry,” the Minister was quoted as saying in the communique.
“India is well on its way to emerging as both a major hub for civil aviation and a center for aircraft component manufacturing. With our deep reservoir of talent and resources and by integrating valuable industry insights, we can chart a unified national roadmap that transforms these opportunities into concrete, strategic outcomes.”
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