India’s Industry Tries To Climb Supply Chain Ladder
Aviation Week & Space Technology Feb 14 , 2011 , p. 36 Neelam Mathews Bengaluru Leithen Francis Bengaluru Massive offset demands expected to help spur India’s industrial wherewithal Printed headline: Building Project India’s aerospace industrial growth strategy is about to get a major shot in the arm, with the government planning to spend more than $80 billion on procurement in 2011-15, triggering a huge inflow of offset deals by the winners. The activity is also causing the industry to restructure, with streamlining efforts and consolidation on the horizon as businesses shift focus from serving the local market to becoming globally viable players. India’s Defense Offsets Policy mandates that 30-50% of a contract total be plowed back into the domestic aerospace industry. New Delhi hopes that after years of unsuccessfully trying to get the aerospace industry to stand on its own two feet, this surge in activity will ...