Friday, February 09, 2018

'India attracting big aerospace manufacturers'

India has caught the attention of major aerospace defence manufacturers with its low production cost and the government's strong emphasis on building the manufacturing sector under the "Make In India" initiative, aviation industry officials said today.

India is also rated among the largest markets by internationally linked small- and medium-size enterprises (SMEs) which plans to expand supplies to Indian customers or form joint ventures in the country to make their components for exports.

"India has the attention of all the big aerospace defence manufacturers and ourselves as well," said Andrew Martin, director of business development and market at Martin-Baker Aircraft Company Ltd.

Martin-Baker Aircraft Co Ltd is a British manufacturer of ejection seats and safety-related equipment for aviation.

"India is our second largest market for (pilot) ejection seats after the US," added Martin whose family-owned company was rated as the 99th largest aerospace and defence supplier.

There are as much as 20 per cent cost savings on parts and components made in India for the global aviation industry, according to Nitin Sananse, regional sales and technical support for Southeast Asia and India at Spectrum Technologies.
09/02/18 PTI/Economic Times