A recent survey by NASSCOM and IESA estimates that within the next ten years, the Indian aerospace and military industry potential will be worth over $70 billion. The sector is anticipated to continue to expand as the requirement to update the gear grows. The Indian government has chosen the aerospace and defense industries as the hot spots for its Make in India initiative, or Atmanirbhar Bharat program, and is pursuing initiatives to encourage the development of domestic manufacturing and value-added facilities. This has a big impact on the Indian aerospace and defense (A&D) business, which is expected to grow to be worth between $70 and $80 billion by 2030.
Ramakrishna Kattimani
Managing Director, Inovit Solutions
Given the complexities and capabilities of aircraft and space vehicles, it is not surprising that aerospace components are designed with the highest precision possible. During operation, aerospace and aircraft parts are subjected to extremely high pressure and altitude conditions, necessitating a high level of functioning.
Sudarshan Manivel
Managing Director, Vee J Pee Aluminium Foundry
A recent survey by NASSCOM and IESA estimates that within the next ten years, the Indian aerospace and military industry potential will be worth over $70 billion. The sector is anticipated to continue to expand as the requirement to update the gear grows.