Global aviation crisis can be opportunity for Karnataka

The global aviation industry is under severe pressure to reduce operating costs and overheads drastically and this challenge could be converted into a huge opportunity for Karnataka, said industry experts at a session on aerospace and defence.
Chris Rao, vice-president, Goodrich Aerospace Services, said material costs account for 35% of the entire operational expenses of airlines globally. "Costs are still going up," he said, and added that India's cost advantage provides the most apt answer for manufacturers in aerospace. Manufacturers are said to be trying to cut nearly 40% from operations and overhead costs.
Karnataka has the best potential to develop an ecosystem that represents a gamut of aerospace-related services, given its already existing base of companies such as HAL.
09/06/12 Times of India

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Categories: Foreign Jun 2012, Indian Aviation- In General Jun 2012, New Jun 2012