Indian aviation sector will fly: PwC report

PricewaterhouseCoopers report on aviation industry was released today at the Aero Show 2009 in Bangalore by Minister of State for Defence, M M Pallam Raju.
According to the report, longterm projections and estimates by experts project growth in both civil and military aviation sectors. The report said that the civil aviation sector will expand as a result of increased travel in emerging market economies and the defence sector as a result of heightened focus on military expenditure, given the global war on terrorism.
While terming the sector’s fortunes as ‘cyclical’, the report expressed confidence of the sector’s revival “considering that air travel has become an integral way of life in a highly globalised world”.
Moreover, the report said, since the aerospace industry is an important component of countries’ economies experts believe that the market will strengthen once the global economy recovers.
The report had words of praise for India’s competitive advantages “in the areas of manufacturing and maintenance of aerospace equipment”.
13/02/09 ExpressBuzz

To Read the News in full at Source, Click the Headline

Categories: Indian Aviation- In General Feb 2009