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Best of Boeing to India, Best of India to World
Business Standard
|February 10, 2025
Boeing's unwavering commitment to India's aerospace and defence sector over the past eight decades has laid the foundation for its leadership position today
India is one of the world's fastest-growing economies, offering immense opportunities for growth and productivity. It boasts one of the largest armed forces in the world, undergoing significant modernization, while advancing indigenous capabilities. With a robust space program, India aims to establish itself as a key player in the global space industry. Furthermore, as the world's third-largest aviation market, India recently made history with two of the largest airplane orders ever, underscoring its immense growth potential. The Indian government is leading initiatives to drive growth in aerospace and defence. The "Make in India" program focuses on boosting domestic manufacturing and reducing reliance on imports, while Aatmanirbhar Bharat promotes self-reliance in defence production, encourages private sector participation, and fosters research and development. These initiatives are driving India towards becoming a formidable leader in aerospace and defence.
To unlock its full potential, India must foster synergy across interconnected sectors such as civil aviation, defence, aerospace, maintenance, repair, and overhaul (MRO), and urban air mobility. Progress in one sector can drive advancements in others, creating a cohesive and robust ecosystem. Currently, incentives and initiatives often target individual sectors, overlooking the broader benefits of an integrated approach. In contrast, leading markets like the U.S., Europe, Japan, Turkey, the Middle East, and Singapore adopt holistic strategies, treating air mobility as a unified industrial capability.
This story is from the February 10, 2025 edition of Business Standard.
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