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Aerospace firms turn to India amid supply crunch
Mint Kolkata
|February 18, 2025
The growth is part of an Asia-Pacific aerospace surge, with 2024 revenue projected to be 54% above 2019 levels
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.
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