Aerospace manufacturers seek business class upgrade on local plane orders
Indian airlines to get more business from global firms such as Airbus and Boeing. And they also want a helping hand from the government through a policy push.
«We have to be in line with what our procurement of aircraft is. If India has a 10% share of the order book, it should also have a 10% procurement share — it's a fair ask,» said Aravind Melligeri, chairman of components maker Aequs Aerospace, which is one of the top suppliers to Airbus.
IndiGo, Air India and Akasa currently have an order book of close to 1,700 aircraft from Airbus and Boeing, aviation consultancy firm CAPA said. That will increase to as much as 2,000 by March 2025.
Melligeri said Aequs, which clocked revenue of Rs 1,000 crore in FY23, is getting new contracts as suppliers in other regions are unable to keep up with demand.
«Multiple suppliers are struggling to keep up with the new capacity demand which customers are having. Definitely, our flow of work has increased tremendously this year, as new orders are shifting to us,» he said.
Melligeri said a policy push by the government is needed to boost Make in India in aerospace.
«A lot of countries in the Middle East have a policy which mandates manufacturing locally. The government needs to do something to increase India's pie. We don't need a mandate, we just need to promote India,» he said.
The jump in order book has prompted global aerospace suppliers to beef up sourcing.
Indian aerospace manufacturing got a boost when Air India ordered planes and Airbus wanted to increase the global
