Hyderabad: India is keen to achieve indigenisation in the aerospace and defence sectors. At present import component is estimated to be over 60 per cent in many of the systems and sub-systems that the Indian defence wings use. Aerospace and defence electronics consumption is high in India but the domestic production is negligible, particularly in the advanced or specialised electronics space, Society of Indian Aerospace Technologies & Industries (SIATI) senior director Venugopal Menon told Telangana Today.
He adds, “Most of the material needed to make electronic systems is all imported and small and medium enterprises (SMEs) in India cannot afford to procure such expensive material to make electronics. So, only large Indian companies are in this space. ISRO is looking at ways to address this in order to enable SMEs to get into electronics manufacturing.”
Aerospace is a niche sector which uses advanced technology. Input cost is high, machinery is expensive, and breakeven takes longer time. This has kept SMEs away for a long time. SME growth has taken place only in the last one decade. Now, there are around 1,000 SMEs operating in the aerospace and defence space. Only way these SMEs can survive in the country is by working with the large public sector establishments and private groups, he opined.
SIATI has been encouraging joint ventures among the companies both within India and between Indian and overseas companies. The Society has MoUs with France, Germany, Australia and Canada to share best practices and explore partnerships. The number of aircraft deployment in India is going up. The supply chain needs to improve. There should be efforts in the next 5-10 years to achieve self-sufficiency and partnerships will enable that.
20/12/18 YV Phani Raj/Telangana Today
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He adds, “Most of the material needed to make electronic systems is all imported and small and medium enterprises (SMEs) in India cannot afford to procure such expensive material to make electronics. So, only large Indian companies are in this space. ISRO is looking at ways to address this in order to enable SMEs to get into electronics manufacturing.”
Aerospace is a niche sector which uses advanced technology. Input cost is high, machinery is expensive, and breakeven takes longer time. This has kept SMEs away for a long time. SME growth has taken place only in the last one decade. Now, there are around 1,000 SMEs operating in the aerospace and defence space. Only way these SMEs can survive in the country is by working with the large public sector establishments and private groups, he opined.
SIATI has been encouraging joint ventures among the companies both within India and between Indian and overseas companies. The Society has MoUs with France, Germany, Australia and Canada to share best practices and explore partnerships. The number of aircraft deployment in India is going up. The supply chain needs to improve. There should be efforts in the next 5-10 years to achieve self-sufficiency and partnerships will enable that.
20/12/18 YV Phani Raj/Telangana Today
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