By all accounts, India’s top strengths that make it an attractive hub for aerospace industry for global OEMs are: Strong local talent, a large commercial market, and high defence spending. Then there is another one 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 one year and a half, however, has hit the aerospace industry 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 Tuesday, 14 December 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 aircrafts and spacecrafts).
MAIN TALKING POINTS
- The expected post-pandemic rebound of the global aerospace industry is being hindered by constraints on the supplier and the human resources sides. How do you see the challenge 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?
- What are the inherent strengths and legacies of India’s aerospace industry which it can leverage to build a stronger base and move up the global value chain?
- In what ways the growth of our aerospace industry benefit our domestic supplier ecosystem and human resources.
- 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?
Industry Samurai Conference & Awards 2021
When: 10-17 December 2021. Where: Virtual
Track 4 – Panel Discussion
TOPIC: THE ROLE OF AEROSPACE IN INDIA GROWTH STORY
Date: Tuesday, 14-12-2021
Time: 11:00am – 01:00pm
Register Now – https://isac2021.exposim.io/
Awards Details – www.Industrysamurai.com
