GE Aerospace set to boost component sourcing from India
GE Aerospace plans to boost component sourcing from India as the aviation sector in the country expands. GE Aerospace already operates a manufacturing facility in Pune and the John F Welch Technology Centre in Bengaluru. The company currently partners with 13 major suppliers, including Tata Advanced Systems Ltd (TASL).
Mahendra Nair, Group Vice President for Commercial Programs at GE Aerospace, mentioned the growing importance of India's role in their supply chain. Nair told PTI in an interview that, «We have got some very capable companies in India with the right engineering talent, the right production footprint and as long as they can meet the technical standards that we are looking for, it is only upside and it is going to grow.»
Nair added, «India is a market that is going to grow and that makes sense for us to continue sourcing more from India.»
Vikram Rai, South Asia Chief Executive Officer of GE Aerospace, noted a significant increase in sourcing from India, highlighting that it had grown 20 times between 2018 and 2022.
India is among the fastest-growing civil aviation markets globally, with domestic airlines expanding their fleets. However, the global supply chain for aerospace remains challenging.
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