Business Daily from THE HINDU group of publications Thursday, Oct 16, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Events Corporate - Alliances & Joint Ventures US firms eye opportunities in Indian aviation infrastructure
Our Bureau Hyderabad, Oct. 15 After selling aircraft and components, the development of infrastructure in India’s aviation sector could well be the focus of the American aerospace industry. India is modernising its Air Traffic Control system and the US would be willing to support its effort with next-generation satellite-based systems, said Ms Marion Blakey, President and Chief Executive Officer (CEO), Aerospace Industries Association of America, citing an example of infrastructure partnership. India’s ‘GAGAN’ project, which was cleared recently and envisages building a constellation of small, low orbiting satellites, could gain from collaborations. A large contingent of US companies under the US-India Business Council (USIBC) and the Aerospace Industries Association (AIA) is participating in the four-day India Aviation 2008 that got underway today. Dr Dinesh Keskar, Senior Vice-President - Sales, Boeing Commercial Airplanes, said, “Even as the global economy reacts to the current turmoil, India continues to grow its civil aviation sector. The Government is also committed to infrastructure development over a long period.” The business delegation would hold discussions with Indian industry and the Government for business opportunities. There were over 300 large US companies that have interests and capabilities in hi-tech manufacturing, design and software, he told newspersons at the meet. The Union Civil Aviation Ministry has a clear growth path for aviation infrastructure over the next two decades. The economy was also expected to grow at 7 per cent, which was better than many countries and provides re-assurance for a long-term partnership, he added. Avionics, software development, hardware, components, aircraft and next generation systems were areas that the small and medium enterprises in both countries could consider for joint development, the Association felt.
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