European Aeronautic Defence and Space (EADS) on Friday said India would be the fastest growing country for air travel in the next 10 years as there is enough scope for its economy to develop.
“India will be the fastest growing country for air travel over the next 10 years since there is a lot of scope for its economy to develop,” David Dufrenois,Head of Sales (India) Airbus (EADS) said addressing a GIM session here.
As there is increasing number of middle class opting for air travel,there is huge potential for growth of air travel in India,he said.
Airbus has over 70 per cent market share in India,Dufrenois said,adding over 11,500 aircraft have been sold to 338 countries. The company has an order backlog of 4,500 aircraft.
Airbus (International Cooperation) Vice President Srinivasan Dwarakanath said the company employs 2,000 Indian workers for its supply chain and that every Airbus 320 family plane is partly made in India.
He also said the company had trained 950 people and completed 117 courses at its training centre.
Goodrich Aerospace Services Vice President Chris Rao said India should focus on providing the talent not just for the local industry,but also for international companies.
Earlier,Raman FibreScience Pvt Ltd Managing Director Aroon Raman said nine Indian firms had submitted investment proposals worth $94.2 million to set up manufacturing units in state’s aerospace-cum-aviation sector.
“Dynamic Technologies is establishing Greenfield manufacturing facility at Aerospace Special Economic Zone near Bangalore International Airport.
“Wipro is establishing an aerospace SEZ at the proposed Aerospace Park and Mahindra Aerospace plans to set up a plant to manufacture 4,10 & 20 seater aircraft at their upcoming facility at Naraspur in Kolar district,” said Raman.
He said Karnataka plans to come up with a dedicated aerospace policy,which would be the first of its kind in the country. “There is a lot of potential for aerospace and related industries in Karnataka. India’s first aerospace SEZ has become operational at Belgaum,” he said.