Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India. Bengaluru-based Hical Technologies and JJG Aero are among those riding the wave. The growth is part of an Asia-Pacific aerospace surge, with 2024 revenue projected to be 54% above 2019 levels, while North America and Europe remain 3% and 4% lower. India is among the biggest aircraft buyers in the world, yet accounts for only 1% of the global supply chain market, according to the recently formed Aerospace India Association. The AIA estimates that India’s aerospace industry will capture 10% of global supplyChain, with the global market projected to reach $250 billion annually by 2033. The country’s civil aviation ministry held a meeting last week with industry leaders about boosting component manufacturing, said AIA Director General Srinivasan Dwarakanath. He said a key step towards real value addition would be the local sourcing of raw materials such as aluminium, steel, and titanium, eventually leading to designs made by Indian suppliers.
