Paris Air Show -India Eyes Offset Components Opportunties
Neelam Mathews June 19, 2015 The civil aviation policy promised last year by the new Indian government is stalled, leaving new carriers Vistara and AirAsia India hoping for a relaxation of the rule that mandates a domestic carrier must fly for five years and have a fleet of 20 aircraft before it can fly internationally. There is good news, however, with increasing attention on engineering design services and component manufacture in the commercial and business aviation sector, opening opportunities in this sector. “Defense offsets in the procurement guidelines can be used in the civil aviation sector. This has the potential to give a major boost to this sector in the country. We are looking at it and will take it forward,” confirmed Ashok Gajapathi Raju, India’s Civil Aviation Minister. The Indian MRO market was estimated to be worth roughly $800 million in 2011 by consultants Frost & Sullivan, and was to touch $1.5 billion by 2020. This h...