Friday, October 22, 2010

Indian aviation gear makers set for takeoff

New Delhi: Indian companies producing aviation products could go global post the visit of the US President, Mr Barack Obama.
This follows indications that India and the US could ink the Bilateral Aviation Safety Agreement (BASA) during the Presidential visit. This would lead to mutual acceptance of each others aeronautical products and parts developed in either country.
“An executive agreement is likely to be signed during the visit which could open a host of business opportunities for Indian aviation companies,” official sources told Business Line. Mr Obama is expected to begin his visit in the first week of next month.
A team from the Federal Aviation Authority (FAA) was here in August for 15 days and visited facilities in Delhi and Bangalore to study certification procedures for engines, propellers and design of aircraft and components being produced here, sources said. The Indian authorities have already demonstrated to the FAA a life raft that can hold four people.
21/10/10 Ashwini Phadnis/Business Line
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