ENARADA, Bangalore/New Delhi, August 8, 2014
Some of the key issues related to Indian aerospace industry such as strategy for import substitution, skill development in aerospace, taxation impacting the industry, how to develop and integrate Indian supply chain with the global aerospace OEMs were discussed at the first meeting of newly constituted Confederation of India Industry’s National Committee on Aerospace (CIINCA) under the chairmanship of Dr R K Tyagi.
The aim of the committee headed by HAL Chairman is to create a vibrant aerospace manufacturing and service sector in India through active engagement of all stakeholders from Government, PSUs, private sector, multi-national companies and research organisations.
Dr. Tyagi informed the top representatives of these organizations that CIINCA would work closely with the Ministry of Defence and Civil Aviation, IAF, Director General of Civil Aviation, other strategic ministries, and state governments to create a conducive environment for the industrial growth and FDI in the aerospace sector.
CIINCA would also like to propose taxation reforms to the Government, policy framework for MRO sector, proposals to promote R&D and innovation culture, how to leverage strength of service sector for aerospace industry.
The composition of CIINCA includes companies such as RIL, BEL, Mahindra Aerospace, Walchandnagar Industries Limited, L&T, TATA Sons, Maini Precision Products, Godrej & Boyce. SASMOS Technologies, Shinmayawa Industries, Bharat Forge Limited, Mach Aero Components, Samtel Color Ltd, Gorwa Engineering Technologies, Astra Microwave Products Ltd, Hi-Tech Robotic Systemz Ltd, Lockheed Martin, Boeing India, BAE Systems India, India Airbus Group, Airbus Helicopters, Rolls Royce, Honeywell India, SAAB India, Rosoboronservice (India) Ltd, Raytheon Inc, Israel Aerospace Industries Ltd, AAI, GMR Group, Air India and Safran India.
