Big news for India's aerospace industry! Companies like Airbus and Rolls-Royce are buying more parts from Indian businesses. This is great for Indian companies and helps them grow.
- Indian companies are making parts for planes, like landing gear and wings.
- Western companies need more parts because of high demand for air travel.
- India is becoming a key player in the global aerospace supply chain.
| Fact | Number |
|---|---|
| Rolls-Royce plans to double sourcing from India in | 5 years |
| Projected revenue increase in Asia-Pacific aerospace (2024 vs 2019) | 54% |
| India's share of the global aerospace supply chain | 1% |
