Experts Highlight Growth Potential in India's Aerospace and Aviation Sector
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Key Takeaways
New Delhi, April 19 (NationPress) The aerospace and aviation industry in India is poised for significant expansion, fueled by advancements in the aerospace and defense manufacturing sectors and the integration of technologies such as AI. Industry experts emphasize the importance of global competitiveness, safety, and efficiency in this transformative phase.
During the International Conference on the Future of Aviation and Aerospace (FOAA), industry leaders and policymakers called for collaborative initiatives aimed at evolving from mere assembly operations to engaging in higher-value design and lifecycle services. They highlighted the necessity for resilience and sustainability as the sector continues to grow.
Hosted by IIM Bangalore in collaboration with TBS Education from France, the event attracted top executives, innovators, and researchers from various segments of the industry.
“This is a pivotal moment for India's aerospace and aviation sector, and it is crucial to establish strategic priorities that will drive growth,” stated Prof. G Shainesh, Conference Co-chair and Professor of Marketing & Chairperson of IIMBx, the digital learning arm of IIMB.
Prof. S Raghunath, the Conference Co-chair, emphasized that enhancing design capabilities rather than just focusing on assembly, along with leading in maintenance, repair, and overhaul (MRO) services, will be essential for India to take a commanding position in the sector.
Speakers acknowledged that the convergence of demand and industrial opportunities is creating a favorable environment for growth but cautioned that regulatory frameworks must evolve in tandem with innovation.
Annett Baessler, the Deputy Consul General of the German Consulate General in Bengaluru, noted the strengthening of India–Europe relations in aviation, referencing India's Memorandum of Understanding with Lufthansa and the growing bilateral cooperation.
She pointed out that India has established itself as one of Airbus's major engineering centers outside of Europe, with involvement in commercial, defense, and space operations.
“India has transitioned into a crucial partner for Germany, not just in manufacturing but as a prominent player in engineering and design,” Baessler remarked.
She also stressed the significance of India's aircraft orders, coupled with the 'Make in India' initiative, as proof of the nation's expanding global competitiveness.
Baessler indicated that the anticipated EU–India Free Trade Agreement could further enhance collaboration in areas like MRO, workforce development, and overall sector integration.
“Over the past two decades, Indian aviation has experienced remarkable growth in safety, technology, systems, processes, and customer service,” said Sunil Bhaskaran, Director of the Air India Aviation Academy at Air India Limited.
He underscored the vast potential for growth, noting that the density of air travel in India is still only one-tenth of its population. Bhaskaran suggested that India's real advantage will lie in scaling its value chain through innovative technologies.