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Global aerospace firms turn to India amid Western supply chain crisis
Anamika Mishra,
Sub Editor
Anamika Mishra,
Sub Editor
Airbus (AIR.PA), opens new tab, Collins Aerospace, Pratt & Whitney, and Rolls-Royce (RR.L), opens new tab are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.
Bengaluru-based Hical Technologies and JJG Aero are among those riding the wave. Hical, a supplier to Raytheon Technology and Boeing among others, aims to double revenue to 5 billion rupees ($57.57 million) from its aerospace division in three years, said Yashas Jaiveer Shashikiran, joint managing director.
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