TCS of Canada - Aerospace
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TCS of Canada - Aerospace

TCS of Canada - Aerospace

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TCS of Canada - Aerospace TCS of Canada - Aerospace Document Transcript

  • Spring 2012 Contact: india.commerce@international.gc.ca India Bulletin: Aerospace Read our India bulletins for up-to-date news and opportunities from one of the world’s fastest growing markets. Indian aviation market continues to grow despite woesWhy India? What Canadian products and expertise are inIndia’s aviation market is ranked ninth in the world. It is demand in India?growing at over 18 percent annually and is expected to be Maintenance, Repair and Overhaul (MRO): The Indianthe third largest aviation market by 2020. It will lead to MRO market is growing by more than 15 percent, annually.creation of 2.6 million direct and indirect jobs in the next By 2020, it is expected to reach $2.6 billion from the currentdecade. The main drivers for growth are commercial and $1 billion. Yet, this growth has not kept pace with the growthbusiness aviation segments. of civil aviation. Growing operations by India’s domestic air carriers, the country’s cost and locational advantage, and itsCommercial aviation by companies operating scheduled large pool of technical personnel will create greater demandflights is increasing as airlines expand their operations to for MRO facilities.cover more cities. Given the vastness of the country, thereis huge potential for this growth. India’s first green field airport at Cochin, which is undergoing expansion, is scouting for a partner to set up an MROBy 2020, over 160 million people are expected to fly within facility.India annually, as per the Center for Asia Pacific Aviationprojections. This is four times the current figure of 40 The Government of Karnataka has set up an aerospacemillion. About 10.3 million Indians travelled within the special economic zone and an aerospace park nearcountry between January and February 2012, as compared Bangalore international airport. These offer attractive taxto 9.5 million in January-February 2011; representing a breaks to foreign companies for setting up manufacturinggrowth of 8.3 percent. and MRO facilities.The business aviation sector has not been affected much Airbus, Boeing and General Electric are establishing MROby the global crude oil price hike. Global demand for facilities at New Delhi, Nagpur and Mumbai respectively, toexecutive jets and helicopters has been increasing. In India service Air India aircraft and those from neighbouringtoo, business houses have realised the value of owning an countries.aircraft to ferry their top management across differentlocations as opposed to travelling by commercial airlines; For more information contact:as it results in increased productivity. india.commerce@international.gc.ca. What are the key recent trends and developments in this market? In 2006, in partnership with the private sector, the Ministry of Civil Aviation began the modernisation and upgrading of 35 non-metro airports, in a phased manner. The ministry aims to have 500 operational airports across India by 2020. This is expected to boost the economy of the nearby areas as a result of the increased connectivity and resultant tourism. In Feb 2012, the Government of India allowed domestic airlines to borrow up to $1 billion from foreign investors to meet their working capital requirements. The government also allowed the airlines to directly import aviation fuel.
  • The Canadian Trade Commissioner Service Everywhere You Do Business How can I learn more?Upcoming Events In the News  "InterGlobe Established in pact to sell four LET jets in1. Farnborough International Airshow 2012 India," The Economic Times, March 15, 2012Dates: July 9-15, 2012Venue: Farnborough, London, UK  "Irkut expects to sell up to 200 planes in India by 2025,"Organiser: Farnborough International Limited The Economic Times, March 15, 2012Website: farnborough.com  "New Zealand keen to partner India in aviationThis event provides a platform for some 1,400 exhibitors development," The Economic Times, March 20, 2012from the aerospace, defence, space and security sectors to  "16.5 percent growth in air traffic in from 2004-05 toshowcase their aircraft, equipment and technologies. The 2010-11," The Economic Times, March 21, 2012show provides tailor-made and unrivalled opportunities forthe participants to network, negotiate and announce  "Air passenger traffic expected to double in 2017-18: Ajitbusiness transactions. The show will be attended by Indian Singh, Civil Aviation Minister," The Economic Times,corporates in aviation sector keen on entering into March 22, 2012partnership with global firms to meet the domestic market  "Emirates group says it is open to investing in India," Thedemand. Economic Times, March 22, 20122. MRO India 2012  "FDI in Aviation: More talks before foreign airlines get toDates: September 25-27, 2012 49 percent hold in local carriers," The Economic Times,Venue: Mumbai, Maharashtra, India March 23, 2012Organiser: The STAT Trade TimesWebsite: mroindia.com  "Indian carriers to fly to 11 new international sectors this year," The Economic Times, March 23, 2012The event will bring together players in the maintenance,repair and overhaul sector. There will be full day sessionson the MRO needs of the civil and military sectors, one Useful Linkssession on training, a round-table discussion with industryleaders, an evening networking event and an exhibition of Centre for Asia Pacific Aviation: capaindia.comproducts and services. Ministry of Civil Aviation: civilaviation.gov.in Aeronautical Society of India: aerosocietyindia.in Airports Authority of India: aai.aero Note: At the time of publication all links were active. For more information on the Aerospace sector consult the Aerospace Sector Profile – India (see tradecommissioner.gc.ca/India) Want to know more? Contact the Aerospace Sector Team in India at india.commerce@international.gc.ca