Bengaluru: Airbus, Collins Aerospace, Pratt Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country’s emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.
Bengaluru-based Hical Technologies and JJG Aero are among those riding the wave. Hical, a supplier to Raytheon Technology and Boeing among others, aims to double revenue to Rs 5 billion ($57.57 million) from its aerospace division in three years, said Yashas Jaiveer Shashikiran, joint managing director. JJG Aero, also in Bengaluru’s industrial hub, took 12 years to hit $2 million in revenue but soared to $20 million in the last six, said CEO Anuj Jhunjhunwala. The growth is part of an Asia-Pacific aerospace surge, with 2024 revenue projected to be 54 per cent above 2019 levels, while North America and Europe remain 3 per cent and 4 per cent lower, according to Accenture Research.
“Earlier, we were chasing customers. Now, they are equally interested in evaluating Indian machine shops,” Jhunjhunwala said, adding that contracts were being signed more quickly and onboarding processes being done much faster than ever before.
The companies produce parts for landing gear, wings, fuselage, electrical switches and motion control systems essential for flight safety and performance. Leading Western plane and engine manufacturers, whose output has been constrained by strikes, production caps, and parts and labour shortages since the pandemic, say they want to source more from India to meet rising demand for air travel.
“India is the best solution to supply chain challenges,” Huw Morgan, senior vice president for aerospace procurement at Rolls-Royce, said last week at an industry event. “Our engine volumes are growing at around 20 per cent and the traditional supply chains are just not able to support it. India is … the best cost market,” Morgan said. The British company plans to double sourcing from India within five years.
