India is poised to become a large commercial and defence aircraft market. With rising passenger traffic and increasing military and defence expenditures, the demand for aircrafts is expected to increase. Boeing expects a demand of between 900 to 1,000 commercial aircraft worth USD100 billion approximately in the next 20 years. This also suggests that a significant portion of business opportunity could accrue to India, due to the associated offsets. The defence offset policy has been under implementation and a formal civil offset policy is also expected to follow shortly. The total spending in the next 5 years is expected to be between USD25 billion (assuming uniform demand) for commercial aircrafts and USD100 billion as defence expenditure. Out of the defence expenditure, approximately 15-20 percent (USD15-20 billion) is expected to be spent on military aircrafts. Assuming an offset of 30 percent for the civil sector too, the total offset opportunity for the aerospace sector is valued to be at least USD10-15 billion. As Indian manufacturing capabilities mature over the years, it is expected to capture a large share of this opportunity.The Indian aerospace industry is one of the fastest-growing aerospace markets in the world with an expanding consumer base comprising airlines, businesses and High Net Worth Individuals. The rapid growth of this industry has attracted major global aerospace companies to India. All segments in the aerospace industry, including civil and military aviation and space, are showing a significant level of growth. There are several factors driving growth in manufacturing in India’s aerospace industry. These include both macro and micro factors - strong economic growth that has resulted in rapidly growing domestic aircraft demand, the liberalization of civil aviation policies, offset requirements, a strong domestic manufacturing base, cost advantages, a well-educated talent pool, the ability to leverage IT competitiveness and a liberal Special Economic Zones law that provides attractive fiscal benefits for developers and manufacturers. The challenges include access to technology, funding, poor availability and high cost of raw material and certification processes. As a support service to the aviation industry, the sector will grow with the industry. Additionally, the globalization of MRO services, manpower cost competitiveness, the availability of talent, locational advantages and the presence of specialist capabilities combine to make India a potential global/regional MRO hub. India’s MRO segment is estimated to grow at 10 percent and reach USD1.17 billion by 2010 and USD2.6 billion by 2020.
Key Initiatives / Information
Presentations Of the CII National Conference on Emerging Opportunities for the Capital Goods Industry 26th November 2012, Hotel Lalit, New Delhi.
Confederation of Indian Industry (CII) and United States-India Educational Foundation (USIEF) announce the Fulbright-Nehru-CII Fellowships for Leadership in Management Program for the academic year 2012-2013. Indian business managers, whose employers would be willing to bear 50% (US$ 18,400) of the total cost (US$ 36,800), may compete to attend this specially designed management program at the Carnegie Mellon University’s Tepper School of Business in Pittsburgh from May 23 to July 31, 2012. Aimed to broaden overall perspectives and to strengthen strategic, functional and leadership skills in global business, this program combines classes with group work, industry visits, and networking.
Complete announcement matter and application materials are available at USIEF website www.usief.org.in.
November 15, 2011 is the application deadline.
The CII and WMG have worked together for over a decade. The Group understands the need of Indian industry better than any other UK institution. India is fast becoming a manufacturing economy and, more it can learn from the expertise of organizations like WMG, the more competitive it will be as a country. The Group has links with many of its top engineering / manufacturing companies which include Tatas, TVS Motor, Sundaram Clayton and others and has been instrumental in helping these companies achieve global competitiveness.
CII News Update
Continuous Change and Improvement is the key driver for overall growth of the Organisation said by Dr Krishan Kumar, Former Director, Maruti Centre of Excellence (MACE) in his special address at the 4th Lean Six Sigma Summit organized by Confederation of Indian Industry (CII ) NR in New Delhi, toda.....
Mr AK Antony, Hon’ble Raksha Mantri, while speaking in the inaugural session of 2dn International Seminar on Army Air Defence in the 21st Century jointly organized by Confederation of Indian Industry and Corps of Army Air Defence, said that Indian Armed Forces should give least priority to imports......
Hindustan Aeronautics Limited (HAL), a “Navaratna PSU”, is one of the Asia''''s largest aerospace companies has signed a Technology Cooperation Initiative to enhance Quality and Competitiveness for HAL of its Products and Services. This is the first ever cooperation initiative signed between the l.....
Inaugurating two-day NAVARMS – 2013 - 3rd International Seminar and Exhibition on Naval Armaments, jointly organized Jointly by CII and Indian Navy in the capital today, Mr AK Antony, Hon’ble Raksha Mantri said that the Offset policy has enabled greater participation of the defence industry in Ind.....
Consulting / Advisory Services
The Tamil Nadu Technology Development Promotion Centre provides several services.
Six Sigma approach is being widely used all over the world for reduction in process variation and waste elimination.
Total Productive Maintenance, shortly termed as TPM, is the concept originated and developed by Japan Institute of plant Maintenance (JIPM) Tokyo, since late sixties. JIPM-TPM is the key for the operational excellence for many Japanese companies.
The key to ensure sustainable Quality up gradation and continuous improvement in an Organization is the willingness of its employees to adapt to changing paradigms.
Increased global competition has forced companies to think aggressively about effective Cost Management. A low cost high quality product has become an object of desire, to gain a competitive edge. It is essential that cost management addresses not just individual activities or cost centres but the e
To gain a competitive edge in today''''''''s marketplace, an organization must embrace new ideas and processes and requires constant improvement. Manufacturing Excellence is an imperative tool that leads an organization to the path of competitiveness. The underlying objective of these initiatives is
CII Awards & Recognitions
CII and Export Import Bank of India have, in 1994, jointly established the CII-EXIM Bank Award for Business Excellence, with the aim of enhancing the Competitiveness of India Inc. The Award is based on the internationally recognized EFQM Excellence Model.