The Indian civil aviation industry has also bounced back from the Covid-19 pandemic-induced crisis, slowly but surely, with a lot of latent need arriving at the fore, civil aviation minister Jyotiraditya Scindia said.
Indian civil aviation industry
There is tremendous interest among American industry majors in the Indian civil aviation industry, and India hopes that this can translate into investments across a range of domains – from the manufacturing of aircraft and their components to airport infrastructure; from urban air mobility to aircraft navigation systems, union minister for civil aviation minister Jyotiraditya Scindia has told.
He was in New York meeting a range of industry stakeholders last week. He met representatives of Lockheed Martin, Raytheon Technologies, Pratt and Whitney, Blade Air Mobility, and visited the Air Route Traffic Centre at Long Island.
US-India Business Council and
The minister also attended two roundtables – one with member companies of the US-India Business Council and the other with the diaspora.
Scindia’s visit comes soon after finance minister Nirmala Sitharaman concluded a visit to the US during which she participated in spring meetings with the World Bank and International Monetary Fund (IMF) in Washington, and engaged with a range of investors and industry stakeholders, especially in California.
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“The first thing is there is a great deal of interest in the US in India and the way that our industry has developed over the last several years.
There has been interestingly evinced in the maintenance, repair, and overhaul (MRO) sector, in terms of urban air mobility with electric vertical take-off and landing (E-VTOL) and urban air vehicles, as well as rising interest in fleet acquisition in India, which is going to take place over the next couple of years,” Scindia told in an interview.
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