India is one of the fastest growing aviation markets in the world and can’t be ignored by investors even if they don’t like the regulatory environment. That seems to sum up the sentiment at Aero India Day 1, the mega aviation showcase, which kicked off in Bangalore earlier today.
While, it may have lost out on the mega MMRCA fighter jet deal but Lockheed Martin is not walking away from India. Sunanda Jayaseelan of CNBC-TV18 reports why the company’s Asia-PAC head is bullish on India.
A USD 20 million investment into a manufacturing facility is just the tip of the iceberg for Lockheed Martin’s plans for India. The manufacturing facility in Hyderabad, which is a JV with Tata Advanced Systems, manufactures components for its C 130 J aircraft, both for the domestic and export markets.