The Economic Growth to Drive the Indian Aerospace Industry: MM Pallam Raju

New Delhi: The economic growth in the country and rest of Asia will drive the Indian aerospace industry growth, said Mr MM Pallam Raju, Minister of State for Defence during the inaugural session of 6th International Conference on "Energising Indian Aerospace Industry: Emerging Opportunities, Enduring Partnerships" jointly organised by Confederation of Indian Industry (CII) and Centre for Air Power Studies (CAPS) here today.
Other key drivers and enablers are huge domestic demand, defence offsets, Information Technology prowess of Indian industry and track record of honouring Intellectual Property Rights. There exist a lot of potential for the Indian industry not only in the defence sector but also in the civil aerospace sector. Maintenance, Repair and Overhaul activities will further propel the growth of aerospace industry.
Indian Air Force expects life long commitment from the Indian Industry: Air Chief Marshal NAK Browne. While speaking in the inaugural session of 6th International Conference on "Energising Indian Aerospace Industry: Emerging Opportunities, Enduring Partnerships," Chief of Air Staff, Air Chief Marshal NAK Browne observed that Indian Air Force expects life long commitment from the Indian Industry for its short term and long term requirements. We cannot keep relying on the foreign Original Equipment Manufacturers forever. Therefore, Indian Industry has the support of the Indian Air Force as IAF is ready to lead the race. By giving a special emphasis on the importance of Indian private sector industry's participation in the major upcoming projects, he said that IAF expects larger participation in the Multi-Role Transport Aircraft (MTA).
22/09/11 India Education Diary

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Categories: Indian Aviation- In General Sep 2011