What Happened
Government Initiative Targets Global Supply Chains Amid Aviation Boom
The Indian government is encouraging micro, small and medium enterprises (MSMEs) to expand into aerospace manufacturing and become part of global supply chains, as the country’s aviation market is expected to see strong growth over the next decade. With India’s commercial aviation fleet expected to more than double, the government sees significant opportunities for domestic manufacturers to supply components to the sector. According to Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu, India’s aerospace and defence market is projected to nearly double from over USD 30 billion in 2025 to USD 61 billion by 2035. This initiative was reported by The Tribune.