What Happened
Indian Suppliers to Play Key Role in Global Aerospace Manufacturing
GE Aerospace plans to nearly double its annual component sourcing from India to $400 million by 2030, as it expands its presence in the country’s growing aviation market. The company’s joint venture with Safran, CFM International, expects a substantial increase in its installed engine base in India, with nine out of 10 engines in the country to be powered by either GE or CFM within the next decade. Indian suppliers already contribute to several GE Aerospace programs, and the growing engine fleet and demand for maintenance services are expected to create opportunities for local suppliers. This development was reported by The Hindu.