Index Investing News
Tuesday, January 31, 2023
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Does India have what it takes to build big aircraft?

by Index Investing News
November 1, 2022
in Opinion
Reading Time: 5 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


On Sunday Prime Minister Narendra Modi said he could foresee India soon manufacturing big passenger aircraft that would proudly bear the words ‘Made in India’.

Given that major aircraft manufacturers Boeing and Airbus maintain that there is a little bit of India in every aircraft they produce, Modi’s vision is not too far from reality.

Already Indian companies such as Dynamatic Technologies, Aequs, the Tatas and Mahindra are among the hundreds making large and small components which make it possible for aircraft made by Boeing and Airbus to land and take off safely across the globe daily.

Further, Boeing India says its India operations and Indian partners contribute to every Boeing commercial aircraft worldwide. Airbus goes a step further, saying that every commercial aircraft or helicopter that the European manufacturer makes has technology, design or parts from India. Boeing has 275 partners in India and Airbus has over 45 Indian suppliers.

You might also like

The mystery of missing $12bn in India-China trade

What can scuttle the bull run in home sales?

These small-cap investors pick multibagger stocks

What will it take for full pay parity in cricket?

This is not all. India comes with many other advantages. For example, it has a large quantity of titanium which is used for manufacturing modern-day civil aircraft. India also has the advantage of having skilled manpower which operates cutting-edge technology for Boeing and Airbus. The very fact that both Boeing and Airbus have important bases in India for parts that go into making their aircraft, including relying on Indian IT competencies, goes to show that India has all that it takes to make a civilian aircraft which is truly ‘Made in India.’

Of course, this will not happen overnight. Providing parts to other manufacturers for their aircraft and making whole aircraft in India are different things. But with all the ingredients available in the country — from material to engineering and from manpower that can work the cutting-edge technology to an IT talent pool — it is just a matter of time when fully made-in-India aircraft are seen donning the colours of global airlines.

A ready market for a large number of aircraft already exists in India. For example, in March this year, Boeing estimates that India will require 2,000 single-aisle aircraft over the next 20 years, while Airbus estimate is more than 2,200 new aircraft over the next 20 years of which 80 per cent will be narrow-body. If Made in India can contribute to meeting this demand, then it will be a win-win for the Indian manufacturers.

However, manufacturing a wholly indigenous aircraft is one thing but getting it to fly with requisite certifications from international bodies is another. Here too India scores well. The amicable relations that it enjoys with the US, Europe and Japan could play a big role in achieving Prime Minister Modi’s goals. Every aircraft which is produced globally needs to be certified by the US Federal Aviation Administration (FAA) or the European Aviation Safety Agency (EASA) or the Japanese aviation authority before it can find a global market. With the cordial relations that India enjoys globally, this will not be a problem provided that the aircraft being manufactured meet global safety, emission, aerodynamics and fuel efficiency standards. This is a problem that an immediate neighbour of India looking to enter the global civil aircraft market is facing. In September, the Civil Aviation Administration of China granted type certification to a narrow-body C919 aircraft being built by the Commercial Aircraft Corporation of China. But given the frosty relations between China and the US and other global countries, this aircraft will find it difficult to find markets outside China. But hopefully this will not be the case with Made-in-India aircraft as India’s talent pool is already working in these fields and, what’s more important, excelling at what it does.

So wait for a decade or maybe a little longer — a short time given the scale of Modi’s vision — and you may well fly in Made-in-India aircraft.

Elsewhere in Mint

In Opinion, V. Anantha Nageswaran & Gurwinder Kaur tell why MSMEs survived the pandemic. Are we axiomatically immune to a global recession? Madan Sabnavis answers. Rajani Sinha tells what can anchor Indian economy amid a global shake-up. Long Story lays bare an ambitious plan to speed up India.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Topics



Source link

Tags: aircraftBigbuildIndiaTakes
ShareTweetShareShare
Previous Post

Judges under fire: Defending rule of law with a pen and a gun in Ukraine

Next Post

What is Sharding and How Does it Resolve Scalability in Blockchain?

Related Posts

How the ‘Madoffs of Manhattan’ can unravel Gautam Adani’s empire — explained

by Index Investing News
January 30, 2023
0

Adani vs Hindenburg Research: The bitter battle between the Adani Group and Hindenburg Research is heating up. In a rebuttal...

Virginia Committee Passes Parental Rights Bill After School Coverup Of Teen’s Dysphoria Enables Sex Trafficking

by Index Investing News
January 30, 2023
0

Virginia Committee Passes Parental Rights Bill After School Coverup Of Teen’s Dysphoria Enables Sex TraffickingJanuary 30, 2023   |  ...

Tyre Nichols’s Death Raises Questions About Race and Policing

by Index Investing News
January 30, 2023
0

Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,”...

Health of nation depends on us

by Index Investing News
January 30, 2023
0

By Kimball Shinkoskey, Woods Cross, Utah Monday, Jan. 30, 2023 | 2 a.m. Unfortunately, I think it has come down...

Majority of voters believe Biden’s mishandling of classified documents is a scandal

by Index Investing News
January 30, 2023
0

Bad news for Joe Biden and his coverup merchants in the FBI and the media.  A Rasmussen poll out Monday,...

Next Post

What is Sharding and How Does it Resolve Scalability in Blockchain?

Clinton demands $1 million from Trump — RT World News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Wall St opens flat, Tesla rises on Musk poll outcome By Reuters

December 19, 2022

King Charles Told Princess Diana He ‘Might Be Gay’ While Refusing To Have Sex With Her, Claims Bombshell Book!

November 4, 2022

Why Would We Not Make Use of Crypto?

January 3, 2023

2022 Excessive ROIC Shares Record

July 19, 2022

Finnish PM: No medicine, simply numerous dancing at ‘wild’ celebration

August 18, 2022

Bitcoin se estanca y encuesta del Bank of America revela que el “dólar largo” es el favorito

October 19, 2022

Micron Know-how, Inc. (MU) CEO Sanjay Mehrotra on Q3 2022 Outcomes – Earnings Name Transcript

July 1, 2022

Get used to struggling on the pump — it is Joe Biden’s liberal world order

July 4, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In