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Friday, January 26, 2018 11:05:31 PM
https://www.asiasentinel.com/econ-business/global-aerospace-majors-india-market/
Pratyush Kumar, the president of Boeing India, recently told The Times of India that the company in India is now increasingly focused on scaling up manufacturing through partnerships and engineering.
Lockheed Martin, headquartered in Bethesda, Md., isn’t far behind. It anticipates scaling up its India operations and expects to shift its fabrication units for India production from the US. It plans to set up an engineering lab to enhance its research and innovation support in India.
“Make in India is also facilitating synergies between local private and public players with foreign companies,” a ministry of Defense official told Asia Sentinel, giving several examples including Aequs, a precision aerospace sheet metal fabrication, assembly and forging aerospace supplier for Airbus, Boeing, and other manufacturers. The company also became the first Indian-based aerospace manufacturer to expand to North America by acquiring Texas-based T&K Machine. In 2016, it acquired the French landing gear and engine test manufacturing company, the SIRA Group.
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