Aerospace and Defense
The aerospace and defense (A&D) industry is positioned for strong, global growth. Indian industry today is on the threshold of entering into a new era where it will assume greater responsibility in making the nation self-reliant in Defense Production. The resurgence of India’s manufacturing sector has been remarkable. Not only are the profits soaring, the sector is also making its presence felt abroad as many Indian firms are becoming transnational companies. The Aerospace and Defense manufacturing is internationally competitive with international quality standards, efficiency and manufacturing facilities. India is fast developing into a manufacturing hub for world corporations wanting to leverage the sector’s proven skills in product design, reconfiguration and customization with creativity, assured quality and value addition. India, also keen to strengthen its own aerospace industry and has asked major weapon exporting countries to transfer technology to India.
The civil aviation sector in India is growing rapidly. It has recorded annual growth of over 41% in passenger traffic during in the last two years. In fact, it has contributed significantly to the growth of international civil aviation sector. The rapid growth of civil aviation has put extreme pressure on the existing civil aviation infrastructure. As a result, the thrust is now on modernization of airports, communications, navigation and surveillance systems for air traffic management, radars and facilities for Maintenance Repair and Overhaul of aircraft and sub systems.