Press release
India Aerospace & Defense Market | Bharat Forge, BAE Systems, Bharat Electronics, Godrej Group, Hindustan Aeronautics Larsen & Toubro, Lockheed Martin, Mahindra Rise, Northrop Grumman, Raytheon
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The raise in the FDI limit had apparently permitted foreign institutional investors, venture capital organizations, and foreign portfolio investors to make maximum capital investments up to 24% in defense firms thereon. With the ample availability of a highly-skilled workforce and the 'Make in India' initiative gaining greater prominence across the country, Indian firms are expected to play a vital role in the aerospace & defense value chain comprising research & development, training, production, quality control, and maintenance, which would further transform India aerospace & defense industry outlook.
Key Market Competitors:
1. Bharat Forge Ltd
2. BAE Systems
3. Bharat Electronics
4. Defence Research and Development Organisation
5. Godrej Group
6. Hindustan Aeronautics Limited
7. Honeywell
8. L3 Technologies
9. ISRO - Indian Space Research Organization
10. Larsen & Toubro
11. Lockheed Martin
12. Mahindra Rise
13. Northrop Grumman
14. Raytheon
15. TATA Advanced Systems Limited
16. The Tata Power Company Limited - Strategic Engineering Division (Tata Power SED)
17. Thales
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The strategic partnership is a part of 'Make in India' initiative and will offer services such as production and MRO (maintenance, repair, and overhaul) of landing gears for airplanes and helicopters. A recent unveiling of new aerospace & defense component manufacturing facility by Nucon Aerospace, a key participant across marine, ground & aerospace sector, in Hyderabad is also expected to provide a boost to the 'Make in India' program, which would ultimately stimulate India aerospace & defense market size.
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