What Happened
Government Seeks to Replicate Auto Success in Aerospace Sector
The Indian government is urging micro, small, and medium enterprises (MSMEs) to diversify into aerospace manufacturing as the country’s aviation market expands rapidly. According to Civil Aviation Minister Kinjarapu Ram Mohan Naidu, India’s aerospace and defence market is projected to nearly double from $30 billion in 2025 to $61 billion by 2035. The government aims to replicate the success of India’s auto-component and mobile phone manufacturing sectors in aerospace. This development was reported by The Financial World.