Soaring Altitudes
Businessworld|July 22, 2017

Several Indian corporates are eyeing a huge chunk in the aerospace manufacturing pie, traditionally dominated by government owned firms.

Global annual growth 0.3%(2017)

C.H. Unnikrishnan
Soaring Altitudes

HATTARGI HAS NO RAILWAY STATION NEARBY. Most of the rural folks in this hilly hamlet in Belagavi, Karnataka haven’t yet seen the State capital Bengaluru, which is 564 km away. And it was not very far ago, a proper road connectivity was established to this Karnataka-Goa border village from the comparatively nearer small and sleepy towns such as Hukeri, Sankeshwar, Konnur, Gokak and Nipani. For a geography popular for sugar factories, textiles and tobacco, something as contrasting as rocket science is not an unfriendly territory for the villagers here, and there isn’t anything unusual about the common sight of American or German engineers from global aircraft giants such as Boeing, Airbus or Bombardier casually walking around in this village now.

The little known village, Hattargi, currently supplies several critical machine parts to the world’s most modern aeroplanes such as Airbus A380neo, Boeing 787 Dreamliner and others.

The aerospace industry is emerging big in India and Hattargi is just one among the many industry hubs that has come up across the country in this space in the last 10-15 years. Although different in many aspects compared to India’s traditional industry sectors in terms of quality parameters and skill sets, this ‘zero-error’ globally integrated manufacturing sector is striving in India.

“Globally, aerospace manufacturing is worth about $100 billion, but India’s share has been only about $250 million as of now,” says Aravind Melligeri, who set up India’s first fully integrated and one of the world’s most efficient aerospace manufacturing ecosystems in Hattargi village eight years ago. “But with fully equipped facilities and fast emerging talent-base and innovation, India could be a force to reckon with by 2020,” says Melligeri.

Esta historia es de la edición July 22, 2017 de Businessworld.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

Esta historia es de la edición July 22, 2017 de Businessworld.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

MÁS HISTORIAS DE BUSINESSWORLDVer todo
Powerful, Peculiar Perquisites
BW Businessworld

Powerful, Peculiar Perquisites

MOST COMPANIES recognise that people are key to their success. Competition is all about the war for talent. Higher compensations can, in many cases, attract that brilliant leader or the tech genius, but a competitor may well offer even more. This race is financially draining and not really a great strategy.

time-read
2 minutos  |
May 18, 2024
Shaping The Future Of India's Infrastructure
BW Businessworld

Shaping The Future Of India's Infrastructure

RUPEN PATEL on the achievements of the engineering and construction major including the iconic projects rendered by it, nation building, focus on sustainable practices and much more

time-read
1 min  |
May 18, 2024
WHY DON'T WE SUE BRITAIN?
BW Businessworld

WHY DON'T WE SUE BRITAIN?

I WAS WORKING ON my next column for BW – on one of my favourite themes like ‘Sustainability’, ‘Inclusivity’, ‘India Shining’ etc.

time-read
2 minutos  |
May 18, 2024
LIFE AND TIMES OF A MEDIA TITAN
BW Businessworld

LIFE AND TIMES OF A MEDIA TITAN

DD Purkayastha's autobiography captures his 42-year tryst with the ABP Group, delving into various aspects of his professional and personal experiences, as well as insights into the factors that have shaped his character and career trajectory

time-read
4 minutos  |
May 18, 2024
THE SONET STRIKES BACK
BW Businessworld

THE SONET STRIKES BACK

The sub-4-metre SUV segment in India has been a battlefield for automakers, each vying for supremacy with their unique propositions. With the launch of 2024 Kia Sonet, the South Korean automaker is sharpening its edges in this competitive market

time-read
3 minutos  |
May 18, 2024
SLEEK, SUBTLE, COMPACT AND EASY TO CARRY
BW Businessworld

SLEEK, SUBTLE, COMPACT AND EASY TO CARRY

The HP Omen Transcend 14 targets a niche market that is growing day by day. Statistically, never in history, was there a better time to launch a gaming laptop, says Deep Majumdar

time-read
5 minutos  |
May 18, 2024
Geopolitical Resilience for Indian Companies
BW Businessworld

Geopolitical Resilience for Indian Companies

It's in crisis that inventiveness is born, as well as discoveries made and great strategies arise. He who overcomes crisis, overcomes himself, without getting overcome. - Albert Einstein

time-read
4 minutos  |
May 18, 2024
The Sourav Ganguly Era
BW Businessworld

The Sourav Ganguly Era

Lessons in Leadership from Indian Cricket - 2

time-read
5 minutos  |
May 18, 2024
Leadership Challenges Were Not This Long, Before
BW Businessworld

Leadership Challenges Were Not This Long, Before

LEADING IN TODAY’S dynamic environment presents unprecedented challenges. The list of challenges is never-ending. They include navigating complex decisions, staying resilient, inspiring teams, staying innovative, and continually adapting to the constantly changing ecosystem.

time-read
3 minutos  |
May 18, 2024
The Supreme Court Emerges as a Net Zero Polestar
BW Businessworld

The Supreme Court Emerges as a Net Zero Polestar

'Dharma exists for the welfare of all beings. Hence, that by which the welfare of all living beings is sustained, that for sure is dharma,' - Mahabharata (Shanti Parva 109.10)

time-read
4 minutos  |
May 18, 2024