Hyderabad: A growing large economy like India with huge domestic market should build aircraft indigenously and make sure that it does not depend on international entities alone to meet its needs, says an eminent scientist. The former Chairman of Indian Space Research Organisation A S Kiran Kumar said India is now poised for a significant growth in the aircraft industry.
The President-elect of Aeronautical Society of India said many of the Indian industries and private enterprises actually contribute to the global aircraft industry and provide some key components because of the “advantages” they have. These industries and enterprises are establishing newer capabilities within the country. “In the coming days and years, there is a tremendous opportunity, we need to build on the capabilities of the country,” Kiran Kumar told PTI.
Companies globally are realising there is a tremendous potential in India to make cost-effective components and sub-systems, and “gradually things are moving in this direction,” according to him. More and more entrepreneurs, Kiran Kumar said, are gradually trying to pitch in and capture the market. “It’s a positive development that’s happening and in the coming days and years, we also need a large number of aircraft; if we are able to do some more developments on aircraft industry within the country, it will be great,” he said.
09/07/18 PTI/Financial Express
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The President-elect of Aeronautical Society of India said many of the Indian industries and private enterprises actually contribute to the global aircraft industry and provide some key components because of the “advantages” they have. These industries and enterprises are establishing newer capabilities within the country. “In the coming days and years, there is a tremendous opportunity, we need to build on the capabilities of the country,” Kiran Kumar told PTI.
Companies globally are realising there is a tremendous potential in India to make cost-effective components and sub-systems, and “gradually things are moving in this direction,” according to him. More and more entrepreneurs, Kiran Kumar said, are gradually trying to pitch in and capture the market. “It’s a positive development that’s happening and in the coming days and years, we also need a large number of aircraft; if we are able to do some more developments on aircraft industry within the country, it will be great,” he said.
09/07/18 PTI/Financial Express
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