Changing Dynamics — India’s Aerospace Industry

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The Indian aerospace industry, both military and civil, stands uniquely poised today, on the threshold of catapulting itself into the global arena. Due to the overwhelming support and involvement of the government in the demand and supply of defence and civil aerospace products, the industry has set itself on the firm path towards a transformational change. The process of transformation has begun and there are encouraging signs of the aerospace industry emerging as a major factor in India's increasing self-reliance as well as the export-oriented sector, with the potential and capacity to provide world-class opportunities for established firms in the global market. At the same time, the domestic capability is being significantly enhanced, through extensive tie-ups, joint ventures and technology transfers. This report is an attempt on the part of Confederation of Indian Industry (CII) to analyse the global opportunities in the area of Aerospace vis-à-vis current Indian capabilities. We believe this report would enable Indian companies to understand the emerging business opportunities in the area of Aerospace and the foreign OEMs to understand the Indian capabilities for making investments in India in this sector.