What Happened
Indian Aviation Market Growth Drives Supply Chain Expansion
GE Aerospace plans to nearly double its annual spending on Indian suppliers to approximately $400 million by 2030, driven by rising aircraft demand and expanding maintenance requirements in India. The company expects to deliver more than 3,200 additional engines to Indian customers over the next nine to 10 years. India’s commercial aviation market is growing rapidly, with a projected 1.1 billion domestic passengers by 2040. GE Aerospace’s announcement was reported by an unknown source.