JULY 20244Propelling Aviation Growth ForwardThe aerospace and aviation components market in India is growing significantly now on the back of supportive government policies, rising demand within the country and the prevalent industry trends. The Indian government has played a key role in such development through policies such as Make in India that seeks to promote manufacturing within the country and, therefore, minimize the importation of products. This particular initiative has helped in achieving high FDI, and it has led to the setting up of manufacturing companies by the international aerospace companies. There is increasing demand for purchase of aviation components from domestic sources due to the rapid growth of the civil aviation industry in India. Technological developments are another factor that is putting much pressure on the sector. Currently, there is a great emphasis on the improvement of the technological base of Indian companies that seek to offer high-quality products to the global market. In the case of aerospace components, aspects such as the use of superior materials, efficiency in engineering, and the application of automated processes have enhanced the quality of the components produced in India. Outsourcing from international aerospace firms for license and product sharing deals has also supplemented the capacities of the Indian makers. The defense sector is another large contributor towards the growth of market of aerospace components in India. As the government continues to push for indigenization and self-reliance on defense production, there is increased demand for manufacturing aerospace parts for military aircrafts, helicopters, and unmanned aerial vehicles. In the current issue, we introduce you to the top companies in this segment. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner. We welcome your feedbacks and suggestion that you may have concerning this special issue. Sudhakar SinghManaging Editoreditor@theindustryoutlook.comVol 2 · Issue 4 - 7 · JULY, 2024Publisher Alok ChaturvediManaging Editor Sudhakar SinghAssociate EditorIndranil ChakrabortyAssistant Editor Hima P MEditorial Team Design ManagerPrabhu Dutta A.R.N Ray Senior DesignerRajesh R B Visualizer V Hari PriyaSuanya BanerjeeAdvertising QueriesPrajnya Paramita Bhol Jaya Arora Kanithkar Reddy IndukuriGM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Technologies Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2024 Biz Print Media Technologies Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Viswanathan A Roshan Akthar Nalini Bramhanapalli
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