Aerospace companies from Brazil, China, Japan and Russia lead the way in development and production of 21st century aircraft - can Indian companies step up as well?
Overseas companies have been setting up operations in India for several years, taking advantage of the country's pool of highly qualified engineering, science and computing graduates. They have long-established ties with India's IT companies, but now seek engineering and manufacturing partnerships as part of their offset obligations and as India attempts to plug a technology gap with the rest of the world.
While state-owned Hindustan Aeronautics remains the behemoth in Indian aerospace, a number of rivals from the private sector are emerging to take advantage of the offset requirements that come with military contracts, and the growth of India's civil aerospace sector. The government encourages them by giving tax breaks to increase the country's manufacturing base, and foreign companies are happy as they do not want to partner HAL only.
Boeing, which has had a long presence and formed several partnerships in India, says that it is aware of the government's desire to let the private sector play a larger role. "India has an impressive aerospace industrial base and a good network of aeronautical development labs supported by world-class educational institutions," says the company.
It adds: "Boeing's experience in implementing offset programmes around the world suggests Indian industry will benefit greatly from industrial participation. In our experience, benefits will include access to new technologies and processes, opening of new markets through our supplier network, creation of jobs, and increases in revenues and earnings."
03/02/09 Siva Govindasamy/Flight Global
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Wednesday, February 04, 2009
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Can India's aerospace manufacturers step up?
Wednesday, February 04, 2009
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