Time for India to look at production of aircraft products in India

Civil Aviation Minister Jyotiraditya Scindia stated that it is time for India to look at the production of aerospace components as he emphasised the expansion potential of the country’s aviation sector. He said that throughout the course of the following five to seven years, it is anticipated that the fleets of domestic carriers would total around 2,000 aircraft.

It is time to look at the manufacturing of aerospace products in India. “Time is ripe for manufacturing to take off in India,” he said and emphasized that the country’s aviation sector is growing exponentially. Speaking at a summit organized by aviation consultancy CAPA here, the minister said, “we need to increase the ecosystem of Indian civil aviation”. “Come and be a part of the civil aviation growth story,” he said.

According to him, as many as 15 Flying Training Organisations (FTOs) are expected to be set up by the end of this year, taking the total number of FTOs to 50. Currently, there are 35 FTOs. Highlighting the growth of the drone sector, he said it is expected to be worth Rs 3 lakh crore by 2030 and create around 2.5 lakh jobs. “We are also looking at (improving) the ease of doing business in India,” he noted.

Consultations are going on to amend both the Aircraft Act and rules to further improve the ease of doing business, Scindia said. There is an S-shaped evolution curve for all sectors and in the case of the civil aviation sector, India is between the “infancy and growth phase”, the minister said.

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