Indian aviation sector offers immense opportunities for MSMEs, and efforts are underway to have more Indian suppliers in the global aerospace market, Civil Aviation Minister K Rammohan Naidu on Thursday.
Global aerospace players have a strong interest in India’s aviation sector, Naidu said and highlighted that Indian airlines have placed orders for over 1,600 aircraft.
Speaking at a conference organised by industry body CII in the national capital, the minister also said that India cannot be just a place for assembling aerospace components but a place for designing, certifying and manufacturing the components.
India is the world’s third largest domestic aviation market.
At the conference, Civil Aviation Secretary Samir Kumar Sinha said various models for manufacturing aircraft in India are being looked at.
Boeing India and South Asia President Salil Gupte said the company sources products and services worth nearly Rs 14,000 crore from India annually.
The aircraft maker has around
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