A discussion on ‘How India’s aerospace industry can realize its true potential.’
By all accounts, India’s top strengths that make it an attractive hub for the aerospace industry for global OEMs are Strong local talent, a large commercial market, and high defense spending. Then there is another that has become a strong draw in recent years: a vast supplier ecosystem built on the rich legacy of India’s thriving automotive and space technology industries.
The last year and a half, however, has hit the aerospace industry – both global and Indian – hard. The pandemic has ended more than a decade of uninterrupted growth in 2020. Reports estimate that the size of the global aerospace industry fell from $342.4 billion in 2019 to $296 billion in 2020 at a rate of -14 percent.
On our part, India’s industry stakeholders have braved these headwinds in an exemplary way: In a recent interview with IAMPL, a JV between Rolls-Royce and HAL, the company CEO shared with our magazine how it developed unique strengths and solutions during the pandemic to ramp up its offerings and support for its customers.
On Friday, June 11, 2021, DMI will host a webinar on this subject where industry thought leaders will discuss with the moderator the trajectory for India’s aerospace sector keeping in view the aforesaid background and the following talking points: (Please Note: The term ‘Aerospace Industry’ used here includes all industry activities pertaining to the development, production, maintenance and support of aircraft and spacecraft).
Main Talking Points
1. The global aerospace industry is still reeling under a slowdown unleashed by the pandemic. How do you see the crisis impacting the mid to long-term plans of major OEMs like Boeing, and Airbus? How do you see the crisis impacting the global and Indian supplier ecosystem, and what could be the key measures that suppliers could follow to weather these headwinds?
2. What are the inherent strengths and legacies of India’s aerospace industry that it can leverage to build a stronger base and move up the global value chain?
3. Digitization has got a major boost during recent times due to the pandemic. This gives India, being a major software development and talent hub, a unique advantage to develop and co-create solutions for global players. How have you seen the adoption rate of digitization in the last year in the industry and your own organization, and what are the ways in which our industry can take advantage of digitization.
4. Thanks to Elon Musk and Twitter, space technology has become a hot-button topic in recent years where India’s youngsters keenly follow the trends and innovations being done at NASA and SpaceX. Back home, ISRO and our startup ecosystem have taken some significant strides in space tech. What are your views on the evolution of India’s space tech industry and its future?
Registration Link – https://us02web.zoom.us/webinar/register/WN_Ef4Dg-HhRdWlbCx645uwkA
