Global aerospace firms turn to India amid Western supply chain crisis
By Nivedita Bhattacharjee
Bengaluru (Reuters) – Airbus, Collins Aerospace, Prattney, and Rolls-Royce expands parts of India that grow in the country’s developing aerospace, industry insiders say.
Bengaluru-based fuel technologies and JJG Aero run a channel. A wonderful, while others, the provider of Boetheon technology and Boeing aims to double revenues from $ 5 billion ($ 5.57 million) to $ 5 billion rupees in three years.
JJG Aero, like a $ 2 million in the Industrial Junction of Bengaluru, lasted $ 2 million, but reached $ 20 million for the last six dollars, said CEO JHUNJHUNWALA.
Growth is part of the Asia-Pacific Ocean Air section, and 2024 above the level of the level of 2019, and North America and Europe remain at 3% and 4%.
“Earlier we chased customers. Now they are equally interested in assessing Indian cars, “JHunvala said, adding that the contracts are signed faster than ever before.
Companies produce landing fixtures, wings, obesity, electric switches and movement management systems necessary for flight safety and performance.
Leading manufacturers of Western plane and engines, after agreeing, are constrained by strikes, production caps and working falls, they want to know more from India to meet the requirement of air travel.
“India is the best solution to supply challenge challenges,” said Huu Morgan, Senior Vice President of EV Council of Elders’ Procurement.
“Our engine is growing by about 20%, and traditional supply networks simply cannot support it,” Morgan said. “India … the best expense market.”
The British company plans to double-grate from India in five years.
The country is among the largest planes in the world, but only 1% of the global supply market is received, according to the recent AEROSPACE INDIA association.
“POST-COVID, the aerospace global industry has reached an infectious point. Prior to this, the shift began in 2020, the aerospace is a slowdown industry.
More planes, more parts
India, the third largest aviation market in the world, is also among the fastest growing, driving demand for storage services and parts.
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