This gives the country the power to dictate to global aircraft manufacturers. Acceptance by one of the two major aircraft manufacturers will result in the other rushing in. An assembly plant would necessitate establishing a complete set of MSMEs, induction of latest technology apart from increased employment opportunities.
Embraer, a Brazilian aerospace giant, is contemplating establishing a manufacturing facility in India for its aircraft, currently under development. Jackson Schneider, President and CEO of Embraer Defence and Security stated, “In India, we are at the beginning of the process (of negotiations) with the authorities. We are absolutely open to integrating into the aircraft, Indian solutions, not only for India but also for other countries.” Tata-Boeing Aerospace Limited (TBAL), in Hyderabad, is the sole source supplier for Apache fuselages and has produced aero-structures for Boeing 737 and 777 aircraft. It recently handed over the first fuselage for the six AH-64 Apache attack helicopters ordered by the Indian Army.
India is offering a $10 billion incentive plan for semiconductor manufacturing in the country. India is one of the largest markets for semiconductors and rolling out 5G will only enhance requirements. There are inputs that Qualcomm, the world’s leading chip consumer, mentioned that it is ready to assure chip purchases from India in case companies establish manufacturing plants in the country.
Other industries are not far behind. India is also the world's third largest automobile market, having overtaken Japan last year. Automobile manufacturing will need to increase to meet market demands. India refused to give tax breaks to Tesla for its electric cars unless it establishes manufacturing in the country.
This story is from the January 24, 2023 edition of The Statesman.
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This story is from the January 24, 2023 edition of The Statesman.
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