US firm sees India among key markets in aerospace sector

Bangalore: US electrical components company Eaton says it sees plenty of opportunities for itself in the country's unfolding civil and military aerospace story.
Thanks to increased aircraft purchases by the military and domestic airlines, among other factors, India looks set to be one of Eaton's key markets in the coming years, two senior officials said in email responses to Business Line.
Eaton's aerospace division globally supplies hydraulics and fuel systems that go into flight control devices of Airbus, Boeing aircraft and many domestic and global military planes.
Mr Joe-Tao Zhou, APAC President, Aerospace Group, Eaton Corporation, said, “India is expected to emerge as one of the largest aviation markets in the world and is likely to be a key market for Eaton's aerospace products and solutions.”
“India has a significant defence budget. Over the next five years, we see opportunities for Eaton in enabling development of new indigenous platforms and modernisation or replacement of its ageing fleet,” said Mr Einar Johnson, VP – Customer Service & Solutions, Aerospace Group. As domestic carriers looked set to grow, “we see a great opportunity in the commercial segment.”
24/11/11 Madhumathi D.S./Business Line

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

Categories: Foreign Nov 2011, Indian Aviation- In General Nov 2011