Representatives of 15 UK cos visit Hyderabad.
Hyderabad, Dec. 1
The £22.2-billion UK aerospace industry is keen on partnering with Indian aerospace supply chain firms to tap not only the domestic market but other global markets as well.
The UK industry's intention was made clear during a visit of a delegation of UK aerospace industry, consisting of representatives of over 15 different companies, to Hyderabad to interact with local companies in this space.
Mr David Scotter, Director (Aerospace Market Development & Exhibitions) of ADS, said a significant trend in the UK aerospace industry is that its exports have grown to 70 per cent of the turnover.
Of this, 37 per cent was in the area of aircraft systems, 25 per cent aircraft equipment and 23 per cent aircraft engines, he said.
Mr Paul Calver, Global Value Chain Specialist, UK Trade and Investment, said the purpose of the partnership initiative should go beyond the bi-lateral sale of products and services.
“The idea is to have long-term relationship between the two industries through joint ventures in the aerospace supply chain segment to emerge as a global player for the world aerospace industry,” he said.
The UK delegation included representatives from companies such as ADS Group, Altran Praxis, BAE, C-MAC, Delcam Software, Hyde Group and Jeaton.
The Hyde Group, which offers complete solutions from design of mechanical systems to aircraft equipment, is one of the companies keen on setting up a facility in India.
“We have just opened an office in Bangalore and we will be looking at setting up a joint venture to consolidate our presence in the Indian market,” Mr Subhash Shukla, Head of India Operations, told Business Line.
Mr Ajay Mishra, Principal Secretary (Infrastructure and Investment), AP Government, said the State had three SEZs to cater to the needs of the aerospace industry, which was part of the efforts of the Government to make Hyderabad a major aviation hub.