Register to Subscribe



Home arrow News arrow Aerospace arrow USDC leads Aerospace Suppliers Development Trade Mission to India
USDC leads Aerospace Suppliers Development Trade Mission to India Print E-mail
Written by James   
Thursday, 12 November 2009
Bangalore: The United States Department of Commerce organized it's first Aerospace Supplier Development Trade Mission to India, with a visiting team of several senior ranking US Department of Commerce officials and senior executives of leading aerospace suppliers.

The objective of the event was to facilitate SMEs in Karnataka to introduce their respective companies and capabilities to the US Trade Mission. Before coming to Bangalore, the US trade mission visited New Delhi. Next, they are scheduled to travel to Hyderabad to complete their India tour.

"In the recent years, various companies have shown interest in the Indian Aerospace sector. Apart from optimizing the capacities and capabilities of both the countries, we look forward to a long term strategic co-operation with Indian Companies, defining new business models together and bringing in global engineering services widely acknowledged by the industry," said Deputy Assistant Secretary, Office of International Operations, US Dept of Commerce, Ms. Karen Zens.

According to the department, the Indian market is particularly promising for U.S. suppliers seeking joint-venture opportunities.  Indian aerospace companies are trying to evolve as serious players in the global market.  The evolution of the Indian aerospace industry is part of a broader industry trend toward supply chain consolidation and the embrace of lean manufacturing. 

Many traditional first-tier supplier responsibilities are being pushed down the supply chain to second- and third-tier suppliers.  As the larger firms move into aerospace system integration, the lower-tier suppliers have little choice but to globalize themselves.  In many cases, once established in India, the first-tier firms require their supply chain partners to begin dealing directly with Indian members of the supply chain.  While extremely challenging for SME suppliers, these new relationships bring an added benefit – the opportunity for additional sales with other aerospace companies doing business in India.

Speaking at the event, K S Shivaswamy, Managing Director, Karnataka Udyog Mitra said, “As India is emerging as a key player in the aerospace market, this is the right time for international companies to invest in this sector and also look out for long term partnership with Indian companies.  Besides the large players like HAL, NAL, ADA, LRDE, ADE Karnataka has several small and medium companies that offer specialized services for the aerospace industry. Karnataka also has an excellent human resources pool for the aerospace sector from premier institutes like IISC, Indian Institute of Information Technology and large number of engineering colleges.”

He said that the state has acquired 1,000 acres near Bengaluru International Airport for the aircraft industry, of which the government plans to make 250 acres an exclusive aerospace SEZ. He also urged companies and officials to participate in the Karnataka Global Investors Meet scheduled in May-June 2010 to explore investment avenues.

David H Sutherland and Company, Kaman Aerostructures, Carlton Forge Works, Eaton Technologies, Flir, Esterline Corporation, Greenerd Press, PCC Structurals, Impex International, Industrial Metals International and  International Rite-Way Products are some of the companies which are part of the Mission.  Several members from the trade mission had specific requirements for which the Indo-American Chamber of Commerce (IACC) facilitated meetings after the initial matchmaking & due diligence process.

"The Indian aerospace sector ranks among the world’s most dynamic, with airlines in India in the process of buying several aircrafts worth billions of US dollars between 2007 and 2012.  India is also planning on upgrading their air defense equipment which is estimated at US$ 3-4 billion. India is planning major procurements of military aviation hardware and is also upgrading its surveillance, defense and strike capabilities. With this sort of requirements India itself will be a major customer to US aerospace companies," said Raj Rajkumar, IACC Chairman, Karnataka.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2019 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768