Friday, February 13, 2009
Wednesday, February 11, 2009
Bangalore: Minister of State for Defence Mr M M Pallam Raju, released a report titled " Changing Dynamics – India's Aerospace Industry" on the second day of "Aero India 2009" organised by Defence Exhibition Organisation of Ministry of Defence in association with Confederation of Indian Industry (CII).This is the first such report on the industry. It gives a snapshot of the current scenario, opportunities, challenges and the direction for the future. The report was prepared with the joint efforts of CII and PriceWaterhouseCoopers (PWC). Lack of any credible benchmarks and authenticated figures on the Aerospace Industry in Indiaare the main drivers for CII to initiate and bring out the report. The report documents the capabilities of Aerospace manufacturing and Maintenance Repair Overhaul (MRO) industry.
The report clearly states that the process of transformation has begun and Indian Aerospace industry players can look forward to take advantage of the new opportunities emerging from global scenario.
Releasing the report Mr M M Pallam Raju said, though Aero India in Bangaloreand Def Expo in Delhishowcase the capabilities and provide leads to emerging opportunities, there has been no comprehensive data till now which can be used by an entrepreneur to make their investment plans in the sector. "This report has not only filled that gap but also has given the directions to approach the market," he said.
Indian Aerospace Industry consists of Civil and Defence segments. The former is driven by general industrial growth and the increase in air travelers whereas the latter is driven by threats around the country and the need to modernize the armed forces.
Though currently the Indian Aerospace Industry is primarily driven by Government and PSUs, there are opportunities in public as well as private sectors in the entire life cycle from designing to building. Indian Aerospace Industry is one of the fastest growing aerospace markets in the world and has been attracting major global aerospace companies across the globe. OEMs are moving from vertically integrated manufacturing to design and systems integration.
"Indian aerospace is one of the fastest-growing aerospace markets in the world driven by continued economic growth resulting in growing passenger traffic and domestic aircraft demand. Indiais poised to become a manufacturing destination. The key drivers include liberal investment policies in civil aviation and defence, a proactive defence offset policy, a strong manufacturing base, cost advantages, a well educated talent pool, global competitiveness in IT and an attractive special economic zones law. It also has the potential to become a MRO destination due to labour cost competitiveness, availability of specialist capabilities and its locational advantages," says the report.
12/02/09 PRESS RELEASE/Aero India To read the news in full | PermaLink
The report clearly states that the process of transformation has begun and Indian Aerospace industry players can look forward to take advantage of the new opportunities emerging from global scenario.
Releasing the report Mr M M Pallam Raju said, though Aero India in Bangaloreand Def Expo in Delhishowcase the capabilities and provide leads to emerging opportunities, there has been no comprehensive data till now which can be used by an entrepreneur to make their investment plans in the sector. "This report has not only filled that gap but also has given the directions to approach the market," he said.
Indian Aerospace Industry consists of Civil and Defence segments. The former is driven by general industrial growth and the increase in air travelers whereas the latter is driven by threats around the country and the need to modernize the armed forces.
Though currently the Indian Aerospace Industry is primarily driven by Government and PSUs, there are opportunities in public as well as private sectors in the entire life cycle from designing to building. Indian Aerospace Industry is one of the fastest growing aerospace markets in the world and has been attracting major global aerospace companies across the globe. OEMs are moving from vertically integrated manufacturing to design and systems integration.
"Indian aerospace is one of the fastest-growing aerospace markets in the world driven by continued economic growth resulting in growing passenger traffic and domestic aircraft demand. Indiais poised to become a manufacturing destination. The key drivers include liberal investment policies in civil aviation and defence, a proactive defence offset policy, a strong manufacturing base, cost advantages, a well educated talent pool, global competitiveness in IT and an attractive special economic zones law. It also has the potential to become a MRO destination due to labour cost competitiveness, availability of specialist capabilities and its locational advantages," says the report.
12/02/09 PRESS RELEASE/Aero India To read the news in full | PermaLink
Bangalore: At this year’s Aero India show, a biennial schmooze fest for aerospace firms, the world’s biggest makers of fighter jets, spy planes, helicopters and radars will show off their wares in Bangalore starting Wednesday, hoping to win some of the tens of billions of dollars India is expected to spend buying such hardware.
Aerospace firms say they will be patient with India, where decisions still take years coming, although the defence procurement process has accelerated over the past decades.
Patience could eventually prove rewarding.
Aided by a six-year economic boom, India’s military will spend at least $30 billion (Rs1.46 trillion) by 2012, a significant portion of it on 126 fighter jets, for which it has floated the world’s largest tender in recent years. The deal for the so-called medium multi-role combat aircraft may cost some Rs42,000 crore.
India is the only major nation in the world that uses weapons and fighter planes from both Western nations and its traditional ally Russia. China is a large importer from Russia while the US and Europe insist on locally made weapon systems for their Armed Forces. Moscow rarely imports arms.
The Indian Air Force’s (IAF) plans include replacing a third of its fleet of Russian-built MiG-21 planes. “(In the) next few years, you will find every bit (of) inventory (with) some kind of transformation. Assets being inducted, upgraded and replaced—it will be an entirely new environment,” India’s air chief, Air Marshal Fali Major, had said on 17 January.
The IAF is expected to invite six firms—Lockheed Martin Corp., Boeing Co., European Aeronautic, Defence and Space Co., Saab International, Dassault Aviation, and Russia’s MiG Corp.—to test their planes from April over terrain ranging from the deserts of Rajasthan to the snow-laden peaks of the Himalayas.
On a conference call with analysts late last month, Bruce Tanner, chief financial officer of Lockheed Martin, put in context the Indian deal with other potential supply contracts in Taiwan for 66 of its F-16 planes and Romania’s nearly two dozen. The longer objective is the India competition (or deal) for the MMRCA (medium multi-role combat aircraft), which is 126 aircraft, Tanner said.
Traditionally, India’s defence purchases have been long-drawn and often delayed. The 66 Hawk Advanced Jet Trainer deal it signed in 2004 with British aircraft maker BAE Systems Plc. took at least two decades to conclude.
That process has speeded up, with India sewing up deals worth at least $5 billion to buy planes, missiles and helicopters since the last Aero Show in 2007.
Deals since then include the purchase of 80 Russian-made Mi-17v5 helicopters, three Boeing business jets for VIP travel, and six C-130J Super Hercule transport aircraft from Lockheed Martin. Three IAF squadrons are being equipped with Israel’s Spyder surface-to-air missiles and two squadrons with Akash medium-range missiles from Bharat Electronics Ltd. In addition, the Armed Forces are acquiring 159 Dhruv advanced light helicopters from Hindustan Aeronautics Ltd.
11/02/09 K. Raghu/Livemint
Aerospace firms say they will be patient with India, where decisions still take years coming, although the defence procurement process has accelerated over the past decades.
Patience could eventually prove rewarding.
Aided by a six-year economic boom, India’s military will spend at least $30 billion (Rs1.46 trillion) by 2012, a significant portion of it on 126 fighter jets, for which it has floated the world’s largest tender in recent years. The deal for the so-called medium multi-role combat aircraft may cost some Rs42,000 crore.
India is the only major nation in the world that uses weapons and fighter planes from both Western nations and its traditional ally Russia. China is a large importer from Russia while the US and Europe insist on locally made weapon systems for their Armed Forces. Moscow rarely imports arms.
The Indian Air Force’s (IAF) plans include replacing a third of its fleet of Russian-built MiG-21 planes. “(In the) next few years, you will find every bit (of) inventory (with) some kind of transformation. Assets being inducted, upgraded and replaced—it will be an entirely new environment,” India’s air chief, Air Marshal Fali Major, had said on 17 January.
The IAF is expected to invite six firms—Lockheed Martin Corp., Boeing Co., European Aeronautic, Defence and Space Co., Saab International, Dassault Aviation, and Russia’s MiG Corp.—to test their planes from April over terrain ranging from the deserts of Rajasthan to the snow-laden peaks of the Himalayas.
On a conference call with analysts late last month, Bruce Tanner, chief financial officer of Lockheed Martin, put in context the Indian deal with other potential supply contracts in Taiwan for 66 of its F-16 planes and Romania’s nearly two dozen. The longer objective is the India competition (or deal) for the MMRCA (medium multi-role combat aircraft), which is 126 aircraft, Tanner said.
Traditionally, India’s defence purchases have been long-drawn and often delayed. The 66 Hawk Advanced Jet Trainer deal it signed in 2004 with British aircraft maker BAE Systems Plc. took at least two decades to conclude.
That process has speeded up, with India sewing up deals worth at least $5 billion to buy planes, missiles and helicopters since the last Aero Show in 2007.
Deals since then include the purchase of 80 Russian-made Mi-17v5 helicopters, three Boeing business jets for VIP travel, and six C-130J Super Hercule transport aircraft from Lockheed Martin. Three IAF squadrons are being equipped with Israel’s Spyder surface-to-air missiles and two squadrons with Akash medium-range missiles from Bharat Electronics Ltd. In addition, the Armed Forces are acquiring 159 Dhruv advanced light helicopters from Hindustan Aeronautics Ltd.
11/02/09 K. Raghu/Livemint
Labels: Aerospace, Defense, General: Participants
To read the news in full | PermaLink
