Page 29 - STAT May 2024 for Magzter

We are in the

process of setting up
our first BCF line in

India, in partnership
with GMR Aero

Technic.

Salil Gupte
Boeing India
to companies that establish manufactur-
ing facilities in India. It aims to create a
robust ecosystem for aerospace manufac-
turing and reduce reliance on imports.
Additionally, the government has eased
foreign direct investment (FDI) norms,
allowing 100% FDI in the aerospace sector
under the automatic route. This move has
Tata Boeing Aerospace made it easier for global aerospace com-
Limited (TBAL), a
Boeing-TASL joint panies to invest in India without cumber-
venture in Hyderabad, some approval processes.
manufactures aero
structures, including The "China+1" strategy has also played a
fuselages for Boeing's crucial role in driving aerospace compa-
AH-64 Apache helicopter
nies to establish operations in India. In the
wake of supply chain disruptions caused
support the growth of the larger aerospace, efficient logistics. Positioned strategi- by the Covid-19 pandemic, geopoliti-
defence, and commercial aviation ecosys- cally, DB Schenker is adept at managing cal tensions, and concerns over exces-
tem,” added Gupte. complex supply chains to ensure on-time sive reliance on a single country, many
Boeing’s Commercial Market Outlook delivery and efficiency in the evolving multinational corporations have sought
study found that in the upcoming two Indian aerospace landscape,” says Hitendra to mitigate risks by diversifying their
decades, South Asia is gearing up to receive Mankani, Chief Commercial Officer, DB supply bases. India, with its vast market
more than 2,700 new aeroplanes, with a Schenker India. potential, improving infrastructure, and
striking 90 percent set to land in India. It also Recognising the aerospace sector's business-friendly policies, has emerged as
says India's cargo fleet is expected to reach strategic and economic importance, the a compelling alternative or supplementary
80 aeroplanes within 20 years. Indian government has implemented a destination for aerospace manufacturing
“We are experiencing robust growth series of policies and initiatives to attract and supply chain operations. By adopt-
in the Indian air cargo market, signifying foreign investment and foster domestic ing a "China+1" approach, companies can
India’s rise as a significant manufactur- manufacturing capabilities. maintain their operations in China while
ing and supply chain hub for aerospace In 2020, the government unveiled the simultaneously leveraging India's advan-
firms. The rise in demand for aerospace Production-Linked Incentive (PLI) scheme tages, reducing vulnerability to potential
components and machinery turns to for the aerospace and drone industries. trade disputes or localised disruptions.
increased freight volumes, underlining the This scheme, part of the broader "Make in “Boeing is a proud proponent of the
key role DB Schenker plays in facilitating India" campaign, offers financial incentives “Make in India’ initiative, and this is at the

www.stattimes.com | MAY 2024 27