Aerospace Industry in India – Future Opportunities

According to a CII study, the aerospace industry globally spends $60 billion on engineering every year. India accounts for less than one per cent of the total off shoring
in the engineering services space. A percentage of the 5,00,000 Indian engineering graduates turned out every year could be effectively channalised to tap the opportunities available in this sector.

US educational institutions are not churning out enough people to meet the expected demand as the average age of a US aerospace industry worker is over 50 and the bulk of its workforce would retire in a decade as per Aerospace Industries association of America.

Aero Park in Chennai
CII has proposed that an aero park be set up in Chennai. This is envisaged as a 4,000-acre facility that will enable global players design, manufacture and maintain all types of aircraft, both civil and military.

A park at chennai,Bangalore and Hyderabad will collectetively be the largest integrated aero space facility in the world .AS per the CII concept paper, the proposed model of the Chennai Aero Park will consist of manufacturing centre, aerospace and avionics service facilities, design studio interiors, university of aerosporatories, aerospace and avionics, research and development and test laboratories, residential and other supporting facilities and an engineering centre.
The park will have a synergy of the best aviation and avionics technologies and expertise. It will have facilities training/simulator complex, aviation and aerospace management school, aircrew training school, helipad and 3-km landing strip, manufacturing complex, software and IT complex, pilots-aid complex and residential and other supporting facilities.