Bangalore: India, which today stands 9th in aviation and aerospace, in both defence and civil, would in the next five years become the fifth biggest.
This is based on the fact that the Indian aviation sector could see the purchase of 1,200 to 1,400 aircraft in the next few years. As of now defence is the biggest importer, with $100 billion worth of imports.
All this means that India's aerospace sector infrastructure, including the MRO and other capabilities, will have to be scaled up. "This will need to happen on a massive scale," said Ashok Saxena, director, UK Advanced Engineering Office, India and former MD, HAL, in Bangalore on Monday, speaking at an event organised by the Bangalore Chamber of Industry and Commerce (BCIC).
As of now, Saxena said, all the new R&D activities in aerospace are happening in the public sector enterprises alone. There's not much role for the private sector here. Lately, the private sector may have begun to participate a little in the aerospace manufacturing, he said. Most of the manufacturing too is today with the PSU, principally the HAL. What's holding back the sector seems to the lack of people with the necessary skills. Employers will lay down the acceptable standards for employment, said Saxena.
05/08/13 Business Standard
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This is based on the fact that the Indian aviation sector could see the purchase of 1,200 to 1,400 aircraft in the next few years. As of now defence is the biggest importer, with $100 billion worth of imports.
All this means that India's aerospace sector infrastructure, including the MRO and other capabilities, will have to be scaled up. "This will need to happen on a massive scale," said Ashok Saxena, director, UK Advanced Engineering Office, India and former MD, HAL, in Bangalore on Monday, speaking at an event organised by the Bangalore Chamber of Industry and Commerce (BCIC).
As of now, Saxena said, all the new R&D activities in aerospace are happening in the public sector enterprises alone. There's not much role for the private sector here. Lately, the private sector may have begun to participate a little in the aerospace manufacturing, he said. Most of the manufacturing too is today with the PSU, principally the HAL. What's holding back the sector seems to the lack of people with the necessary skills. Employers will lay down the acceptable standards for employment, said Saxena.
05/08/13 Business Standard
