The newly established Aerospace India Association (AIA), a pivotal body representing the aerospace design and manufacturing sector in India, has announced ambitious plans to increase the country’s aerospace exports from under $2 billion to an impressive $20 billion by 2035. This announcement, made on Friday, marks a significant step towards enhancing India’s role in the global aerospace market.
The AIA aims to serve as a central hub for collaboration among industry stakeholders, including manufacturers, suppliers, and research institutions. It also seeks to facilitate policy advocacy, industry networking, and international partnerships to achieve its export growth targets. The association’s vision is to harness India’s growing technological expertise and competitive manufacturing capabilities, positioning the nation as a global aerospace leader.
The aerospace sector in India has shown immense potential in recent years, driven by advancements in design, innovation, and the country’s strategic location for global supply chains. However, despite these gains, India’s aerospace exports still lag behind major players in the global market. With the formation of AIA, industry leaders believe the time is ripe for the country to capitalize on its strengths and expand its presence in international aerospace markets.
The association plans to focus on several key areas, including the development of advanced manufacturing techniques, supply chain optimization, and increased participation in high-value aerospace projects. In addition, AIA is set to work closely with government agencies to streamline regulatory processes and support the growth of small and medium enterprises (SMEs) within the sector. These efforts are expected to create a robust ecosystem capable of supporting both domestic demand and increasing exports.
Experts predict that this bold vision could lead to significant job creation, technological advancements, and increased foreign investments in India’s aerospace industry. The target of $20 billion in exports would place India among the top aerospace exporters globally, an achievement that could have far-reaching implications for the country’s economy and its technological stature.
As part of the strategy, the AIA will focus on strengthening India’s capabilities in areas such as aircraft components, space technology, and unmanned aerial systems (UAS). The global aerospace market is growing rapidly, with increasing demand for innovative technologies, and India’s robust talent pool and lower manufacturing costs make it an attractive destination for investment.
With the backing of both industry leaders and the government, the Aerospace India Association is optimistic that its roadmap will help bridge the gap between India’s current aerospace export capabilities and its long-term goals. If successful, the ambitious target could revolutionize India’s aerospace industry, fostering new growth opportunities and enhancing its competitive position on the global stage.