READY TO TAKE-OFF

Auto components India - - EDITORIAL - Bhar­gav TS Ex­ec­u­tive Ed­i­tor s.bhar­gav@nextgen­pub­lish­ing.net

In­dian auto com­po­nent in­dus­try was on the radar of the global ve­hi­cle man­u­fac­tur­ers for its in­her­ent strength, im­prov­ing qual­ity and other ad­van­tages. Now the com­po­nent in­dus­try is cruis­ing at a high speed by man­u­fac­tur­ing high-value and crit­i­cal parts for the global air­craft man­u­fac­tur­ers. The In­dian pri­vate sec­tor aero­space in­dus­try is still at a nascent stage as it has been dom­i­nated by the pub­lic sec­tor. The pri­vate sec­tor, act­ing in as­so­ci­a­tion with the PSUs and multi­na­tional com­pa­nies, is sup­ply­ing di­rectly and in­di­rectly to the OEMs and Tier-1 sup­pli­ers. From this ad­van­ta­geous ground the In­dian aero­space in­dus­try is ready to take-off. It is once again on the global radar, though for a dif­fer­ent rea­son - for air­craft or space­craft com­po­nents.

Aero­space com­po­nents pri­mar­ily in­clude air­craft en­gines and en­gine parts, fuse­lage, pro­pel­ler and ro­tor, land­ing gear, elec­tric and hy­draulic con­trol, and avion­ics sys­tems. De­mand for parts is driven by new or­ders for com­mer­cial, mil­i­tary, and gen­eral avi­a­tion air­craft, as well as main­te­nance, re­pair, and over­haul (MRO) ser­vices. As In­dia emerges as one of the grow­ing avi­a­tion mar­kets in the world, lead­ing air­craft mak­ers are eye­ing the coun­try as a global sourc­ing base for air­craft com­po­nents and soft­ware.

More­over Airbus and Boe­ing have es­tab­lished their R&D cen­tres in Ben­galuru and are re­ly­ing on In­dian in­for­ma­tion tech­nol­ogy firms like In­fosys, Wipro, and HCL for en­gi­neer­ing and soft­ware re­quire­ments. Com­pa­nies like HAL and Tata In­dus­tries Lim­ited are sup­ply­ing air­craft com­po­nents. The cur­rent global Aero­space mar­ket is over US$500 bil­lion and more than 80% of the aero­space man­u­fac­tur­ing in­dus­try is out­sourced, es­pe­cially from In­dia. Most of the auto com­po­nent man­u­fac­tur­ers are di­ver­si­fy­ing into aero­space com­po­nent man­u­fac­tur­ing and ex­port­ing com­po­nents across the globe. Wher­ever there is an auto hub the gov­ern­ment is set­ting up an aero­space park to work on syn­er­gies.

The global avi­a­tion in­dus­try is eye­ing the In­dian mar­ket and scout­ing for out­sourc­ing aero­space and de­fence prod­ucts as In­dia is emerg­ing fast as a cen­tre for en­gi­neer­ing and de­sign ser­vices. Com­pa­nies, like the Ben­galuru-based Sansera En­gi­neer­ing Pvt Ltd, have started get­ting direct or­ders from The Boe­ing Com­pany, the US multi­na­tional cor­po­ra­tion that de­signs, man­u­fac­tures and sells air­craft, ro­tocraft, rock­ets and satel­lites world-wide. This is the main rea­son for Auto Com­po­nentsIn­dia to bring out a spe­cial is­sue on Aerospacein­dus­try. In this edi­tion we are high­light­ing some of the cor­po­rate ef­forts in the In­dian aero­space man­u­fac­tur­ing space.

Wish you happy read­ing

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