Aerospace firms turn to India amid supply crunch

The growth is part of an Asia-Pacific aerospace surge, with 2024 revenue projected to be 54% above 2019 levels

- Reuters

Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.

Bengaluru-based Hical Technologies and JJG Aero are among those riding the wave. Hical, a supplier to Raytheon Technology and Boeing among others, aims to double revenue to ₹500 crore from its aerospace division in three years, said Yashas Jaiveer Shashikiran, joint managing director.